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Saar13 t1_j9qobxu wrote

The EPS is much lower than expected. WBD will have a hard time convincing the market, with this very slow growth in subscriptions. If Q1 2023 doesn't turn out really well, I bet Wall Street folds.

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Jaguarluffy t1_j9qt2m9 wrote

wall street no longer cares about subscriber numbers - they care about profitability now - which warner is in the process of doing by repaying their debt and smarter spending.

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Saar13 t1_j9quoeh wrote

Exactly. That's why I said negative EPS almost 5 times worse than predicted was the worst case scenario. Investors expected to lose x and lost 5x.

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WR810 t1_j9ry089 wrote

> wall street no longer cares about subscriber numbers - they care about profitability now

Netflix didn't post so good of numbers but Wall Street ran with the stock because they added some seven million new subscribers.

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WorldsAbove t1_j9sbli6 wrote

Warner Bros and HBO Max as a whole has had very little legitimate growth since launching 3 years ago now.

They converted like 37-38 million HBO subs which added no revenue, and even through various promotions have had very little subscriber growth. In 3 years.

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