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Habemus Numbers!!!
During #WBD’s Q3 2022 Earnings Report (JUL-SEP), it’s unveiled 2.8M boost in global DTC subscriptions, citing #HouseOfTheDragon as the main catalyst, but coming below #WallStreet’s 3.3M estimates, reaching 94.9M total #HBOMax+#HBO+#DiscoveryPlus subscribers
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According to #WBD, total subscriptions in the US grew 500k, to 53.5M subscribers, and an ARPU of $10.66, a +1.1% increase
Meanwhile overseas markets were the main driver in subscriptions growth, adding 2.3M on Q3 2022, for a 41.4M international total,with an ARPU of just $3.68
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Streaming and subscriptions alone were responsible for 2.3B in revenue, -6% compared to Q3 2021.
Ads revenue more than doubled to $106M, as #HBOMax Ad-tier keeps growing in subscribers.
Even so, overall streaming Costs increased +22% to almost 3B, putting DTC -634M in the red.
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