Friday, December 3, 2021

Netflix Stock – AT&T raises subscriber forecast for HBO Max as streaming booms By Reuters


© Reuters. FILE PHOTO: The company logo for Oracle Corp. is displayed on a screen on the floor at the NYSE in New York


(Reuters) – AT&T Inc (NYSE🙂 said on Friday it expects global subscribers of between 120 million and 150 million for HBO Max and HBO by the end of 2025, raising its forecast as more people turn to cheaper streaming services for entertainment.

The U.S. wireless company previously projected 75 million to 90 million subscribers for the same period.

The forecast raise comes as HBO Max, which includes 10,000 hours of content from WarnerMedia brands and libraries such as Warner Bros, New Line Cinema and Cartoon Network, competes in a crowded streaming landscape dominated by Netflix Inc (NASDAQ:), Walt Disney (NYSE🙂 Co-owned Disney+ and Inc (NASDAQ:)’s Prime Video.

An advertising-supported version of HBO Max will launch in the United States in June, and HBO Max will expand internationally to 60 markets, the company said.

AT&T expects its HBO business unit revenues to more than double over the next five years.

Shares of AT&T were up 1.5% at $29.99 per share in morning trading on the New York Stock Exchange. AT&T will host an investor and analyst presentation later on Friday.

Disclaimer: Fintech Zoom would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fintech Zoom doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fintech Zoom or anyone involved with Fintech Zoom will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Netflix Stock – AT&T raises subscriber forecast for HBO Max as streaming booms By Reuters

Tags: Netflix Stock
Stock Market, Latest News on C N N.