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AT&T Adds 2.8M HBO And HBO Max Subscribers In Q2, Smashes Wall Street Forecasts

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HBO and HBO Max added 2.8 million subscribers in the second quarter, reaching 47 million in the U.S. and helping parent AT&T handily beat Wall Street forecasts.Total AT&T revenue of $44 billion rose almost 8% from the year-earlier period and topped analysts’ consensus estimate of $42.6 billion.

Earnings per share went up 7% to 89 cents, well ahead of analysts’ outlook of 79 cents.At WarnerMedia, revenue surged 31% to $8.8 million in the quarter, which ended June 30, amid comparisons with the 2020 quarter when the company was coping with the worst of Covid-19.

Advertising revenue zoomed 49% in the current-year quarter as sports returned to form.Several Warner Bros film titles scored in the spring quarter, both in theaters and on HBO Max, as

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