WarnerMedia's Q3 Revenue Growth Driven By HBO Max, Ad Revenue Down 12%

Although advertising revenues at WarnerMedia were down in the third
quarter this year, overall revenues were up 14% to $8.4 billion — largely due to the growth of HBO Max.

Subscription revenues for the premium video-on-demand services grew 15%
to $4 billion in the period.

HBO/HBO Max finished the third …