HBO Max and HBO picked up 3 million subscribers in the identical quarter that Netflix misplaced 200,000 of them for the primary time in years, Variety reported. The streaming/cable service reported earnings beneath former dad or mum AT&T for the final time, because it’s set to turn into a part of the brand new Warner Bros. Discovery media conglomerate.

The lion’s share of recent HBO/HBO Max subs have been within the US (1.8 mllion), and the providers now depend 48.6 million subscribers domestically and 76.8 million worldwide. That’s up 12.8 million over final yr, exhibiting stable development. (HBO Max prices $15 per 30 days ad-free or $10 with advertisements, and HBO on cable is $15 per 30 days.)

However, it was nonetheless a drag on dad or mum AT&T (for the final time). WarnerMedia income was down 32.7 % over final yr to $1.3 billion attributable to investments in HBO Max and the failed launch of CNN+.

That’s primarily why AT&T determined to divest WarnerMedia and focus strictly on its core telecom enterprise. To wit, the corporate introduced its largest acquire in post-paid telephone internet additions in additional than a decade. Excluding WarnerMedia and different divested companies, AT&T income was $29.7 billion, up 2.5 % over the identical quarter final yr.

With WarnerMedia and Discovery divested, AT&T plans to take a position any free money in 5G and fiber deployments (it nonetheless has $169 billion in debt, regardless of the $43 billion greenback deal to promote WarnerMedia.) “AT&T has entered a new era,” stated CEO John Stankey in a ready assertion through the firm’s earnings name.