The final year of AT&T’s WarnerMedia ownership concluded with a bit of a bang and a bunch of expenses. The fourth quarter of 2021 was strong, revenue-wise, for the mobile company’s entertainment segment.
WarnerMedia drew $9.9 billion in fourth-quarter revenue, an increase of 15.4% from the comparable quarter in 2020. Much of that was HBO Max-subscription driven.
WarnerMedia’s direct-to-consumer subscription revenues rose 11.5% in the fourth quarter. Overall, subscription revenues were up 5.4%. Thank Max, primarily, for both of those stats. (HBO and HBO Max combined for 46.8 million domestic subscribers at the end of Q4, up from 41.5