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Warner Bros. Discovery streaming revenue rises before Paramount deal
The company said its streaming segment exceeded $3 million in second quarter revenue, up 10% from a year earlier, ahead of a proposed Paramount combination.
Warner Bros. Discovery posted a year-over-year increase in streaming revenue as it moves toward a proposed Paramount combination, CNBC Markets reports.
The company said its streaming segment generated more than $3 million in revenue in the second quarter, up 10% from the same period a year ago, according to the outlet.
CNBC Earnings also highlighted the same figures, tying the gain in streaming performance to the period leading up to the potential deal between the two media companies.