WBD Q1 2026 Earnings Call Transcript

WBD Q1 2026 Earnings Call Transcript

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HBO Max Beats Internal Forecasts, Topping 140M Subscribers In Q1; Bound For 150M By Year-End

HBO Max, which has zigged and zagged more than most streaming services since its delayed launch in 2020, has regained some traction and will hit 150 million subscribers by the end of 2026. Warner Bros. Discovery executives delivered that outlook for their flagship streamer in announcing the company’s first-quarter earnings. The company said global launches in key territories like the UK enabled HBO Max to top internal forecasts, ending the Jan…

HBO Max expansion drives WBD streaming growth

Warner Bros. Discovery says the international expansion of HBO Max is accelerating streaming growth, with the service now passing 140 million subscribers globally. The company remains on track to exceed 150 million subscribers by the end of 2026. In its Q1 2026 shareholder letter, WBD described the year as an “inflection point”, with streaming expected to take a greater share of first-run content premieres as the group continues its shift away f…