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HBO Max profile

A subscription service for HBO and other entertainment brands.

Premium television still comes with a very familiar “one more episode” machine.

Where the money comes from

Subscriptions, advertising on eligible plans and bundles fund viewing.

Sources (6)

What they made last year

Warner Bros. Discovery / Skydance: USD 37.30 billion revenue in the year ended 2025-12-31. Net income: USD 727.0 million. Group/company figures.

Sources (4)

How much they keep

1.95% net margin for the year ended 2025-12-31: reported net income divided by revenue.

Sources (4)

What they’re worth

Warner Bros. Discovery / Skydance is publicly listed. Its companywide stock-market value covers the wider group described below. The HBO Max service sits within the Warner entertainment business and its changing corporate structure. Catalogue, distribution and group ownership are related but distinct parts of the story.

Sources (4)

Where the money is heading

Subscription tiers, advertising, bundles and exclusive programming are the main levers competing for a place in a household’s streaming budget.

Sources (6)