Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for the streaming platform since its inception. Max now had 110.5 million subscribers as of Sept.

An icon in the shape of a lightning bolt. Impact Link You could soon see more ads on Warner Bros. Discovery's Max streaming service. WBD said Thursday it would step up ads in Max as it — along with other media players — looks to improve the ...

By Dawn Chmielewski and Harshita Mary Varghese (Reuters) -Warner Bros Discovery CEO David Zaslav anticipates a friendlier environment for deal-making under the incoming Trump administration, opening the door to industry consolidation,

Warner Bros. Discovery reached 110 million global streaming subscribers and $268 million in earnings in Q3, putting it on pace for sustained profits.

Warner Bros. Discovery (WBD) stock rose nearly 12% on Thursday after the company reported strong streaming results in the third quarter, including its largest-ever quarterly subscriber growth since the launch of Max.

Warner Bros. Discovery swung to its first quarterly profit in more than two years after it posted better-than-expected growth in streaming subscribers. Shares surged over 14% Thursday morning, on pace for their best day since January 2022 if gains holds through the session.

The New York-based media company added 7.2 million net streaming subscribers in the three months ended Sept. 30, the strongest quarterly gain since the platform’s launch, the company said in a statement Thursday. Analysts expected 6.1 million, according to data compiled by Bloomberg.

The media and entertainment company posted third-quarter earnings of 5 cents a share, when analysts had been expecting a loss.