{"id":305619,"date":"2021-07-22T17:25:22","date_gmt":"2021-07-22T14:25:22","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/att-raises-revenue-forecast-as-hbo-max-adds-customers\/"},"modified":"2021-07-22T17:25:22","modified_gmt":"2021-07-22T14:25:22","slug":"att-raises-revenue-forecast-as-hbo-max-adds-customers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/att-raises-revenue-forecast-as-hbo-max-adds-customers\/","title":{"rendered":"#AT&T raises revenue forecast as HBO Max adds customers"},"content":{"rendered":"

“#AT&T raises revenue forecast as HBO Max adds customers<\/strong>”<\/p>\n

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AT&T raised its full-year financial forecast as the telecom giant added more phone customers and HBO Max subscribers than previously expected.<\/p>\n

AT&T has made strides during the pandemic, adding more wireless and internet customers as it unwound its media<\/a> and entertainment unit, WarnerMedia, in order to focus on its core phone and internet businesses.<\/p>\n

In May, AT&T inked a $43 billion deal to spin off WarnerMedia, which includes streaming service HBO Max, movie studio Warner Bros. and news<\/a> network CNN, to Discovery, owner of channels like HGTV, TLC and The Food Network.<\/p>\n

Ahead of closing that deal, AT&T said HBO Max added 2.8 million US subscribers, thanks to exclusive flicks like Lin-Manuel Miranda\u2019s \u201cIn the Heights\u201d and \u201cMortal Kombat,\u201d as well as the return of live sports and televised events as the pandemic eased up.<\/p>\n

\"This
Lin-Manuel Miranda\u2019s musical \u201cIn the Heights\u201d gave HBO Max a subscriber boost. <\/figcaption>
AP<\/span><\/figcaption><\/figure>\n

The company said it expects the streaming service to garner between 70 million and 73 million at the end of the year, up from between 67 million and 70 million.<\/p>\n

Meanwhile, AT&T said it added 246,000 new internet subscribers during the quarter, up from 225,000 in the year-ago period, as CEO John Stankey made it a priority to serve more homes with high-speed internet through fiber optic cables.<\/p>\n

In the second quarter, AT&T\u2019s total net income rose to $1.5 billion, or 21 cents a share from year-ago income of $1.2 billion or 17 cents a share. Excluding items, the firm logged EPS of 89 cents, 10 cents about Wall Street\u2019s expectations. Revenue rose nearly 8 percent to $44 billion, besting estimates of $42.6 billion.<\/p>\n

\"Tony
AT&T spun off HBO Max-parent WarnerMedia to Discovery, to focus on its core phone and internet business.<\/figcaption>
Getty Images for WarnerMedia<\/span><\/figcaption><\/figure>\n

\u201cFor the fourth consecutive quarter, we saw good subscriber growth across wireless,
fiber and HBO Max,\u201d said Stankey, who upped AT&T\u2019s 2021 revenue growth 2 percent to 3 percent range from 1 percent.<\/p>\n

Shares of AT&T rose over 1 percent in pre-market trading but flattened out by the late morning.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#AT&T raises revenue forecast as HBO Max adds customers” AT&T raised its full-year financial forecast as the telecom giant added more phone customers and HBO Max subscribers than previously expected. AT&T has made strides during the pandemic, adding more wireless and internet customers as it unwound its media and entertainment unit, WarnerMedia, in order to…<\/p>\n","protected":false},"author":1,"featured_media":305620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/07\/att-hbo-03.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[112498,5039,70237,640,43045,1372],"class_list":["post-305619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-7-22-21","tag-att","tag-corporate-earnings","tag-hbo-max","tag-john-stankey","tag-streaming"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/305619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=305619"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/305619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/305620"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=305619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=305619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=305619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}