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00:02Warner Bros. Discovery reported strong second-quarter growth in its streaming business ahead of
00:06increased scrutiny over its proposed merger with Paramount Skydance, according to CNBC.
00:12Streaming revenue rose 10 percent year over year to more than $3 billion, while adjusted
00:16EBITDA topped $500 million.
00:19Gains were driven by HBO Max's expansion into new markets and popular shows including Euphoria,
00:24House of the Dragon, and The Pit.
00:25The company said the loss of NBA media rights reduced streaming advertising growth by 16
00:30percent, excluding foreign exchange impacts.
00:32Warner Bros. Discovery also highlighted a strong second-half content lineup, while the proposed
00:37combination of HBO Max and Paramount Plus continues to face legal challenges before a trial scheduled
00:43for March.
00:43Total second-quarter revenue fell 11 percent to $8.72 billion, while net income attributable
00:49to the company was $149 million, or six cents per share.
00:53For all things money, visit Benzinga.com.
00:56And the final one is making a statement.
00:56Why don't you watch such a day?
00:56It's hard for you guys because it's no obvious.
00:56You have to be a car.
00:56The company will never stop getting a turn on.
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