The news will likely be viewed as a welcome sign for the company and the TV industry as a whole, which has struggled to generate profit from multibillion-dollar investments in streaming.
Elsewhere, the parent of HBO and CNN posted disappointing results. Sales, at $10.7 billion, were in line with Wall Street forecasts of $10.73 billion. The company posted a net loss of 44 cents a share, steeper than Wall Street projections for a 4-cent loss.
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Part of the shortfall was due to lower results from the Warner Bros. movie studio, which benefited a year earlier from the hit film “The Batman.” Warner Bros. Discovery was created last year with the merger of Discovery Inc. and the WarnerMedia operations of AT&T Inc.
from Digital Marketing Education https://ift.tt/n4UyHAP
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