Third-Quarter Net Income Down 21%—Media Revenue Up
The firm posted third-quarter net income of $522 million, down from $662 million a year earlier — a 21% decline driven largely by a one-time debt-redemption charge.
Despite that setback, the media and entertainment division remained sturdy, with revenue rising 2% to $6.4 billion year-over-year.
Network operations were particularly strong, boosting profits by 23%.
At the cable networks unit, subscription revenue climbed 9% and advertising revenue increased 10%.
Executives cautioned that HBO is expected to lose more than 1 million subscribers this year as viewers increasingly migrate to online alternatives.
On the film side, revenue held roughly flat at $2.8 billion, but profits fell about 31% — in part because last year’s slate included major hits like The Hangover and Harry Potter and the Half-Blood Prince, while this quarter’s top performer was Inception.
The publishing business delivered a solid gain, with profits up 45%.
What are the Harry Potter Movies about and Where to Watch
What are the Harry Potter Movies about and Where to Watch? The beloved Harry Potter film series chronicles the magical adventures of young wizard Harry Potter as he attends Hogwarts School of Witchcraft and Wizardry, forms lifelong friendships, and confronts the dark wizard Lord Voldemort who threatens the wizarding world. For fans wondering where to watch harry potter, the films are available on popular streaming services including HBO Max, Amazon Prime, and Netflix (though availability varies by region), as well as through digital rental platforms.
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