Warner Bros. Discovery ended the third quarter of 2025 with 128 million streaming subscribers. While the number includes those signed up to HBO, HBO Max, Max, and Discovery+, the company no longer provides subscriber numbers for each individual service.
Key Takeaways
- Warner Bros. Discovery reached 128 million streaming subscribers in Q3 2025, up 2.3 million from the previous quarter and 17.5 million year-over-year.
- With 70 million subscribers globally, international growth led the gains, up 2.1 million quarter-over-quarter and 12.1 million from Q3 2024.
- Despite subscriber growth, revenue remained flat, with $2.5 billion in subscriber-related earnings for the quarter.
Considering Warner Bros. Discovery ended the second quarter of the year with 125.7 million streaming subscribers, the company saw an overall increase of 2.3 million between July and September of this year.
The 128 million subscribers also resulted in an increase of 17.5 million on the 110.5 million reported for the third quarter of the year before.
Subscriber-related revenues remain relatively unchanged in the third quarter, totally $2.5 billion for the quarter.
While Warner Bros. Discovery doesn’t provide subscriber numbers for individual services any more, it does provide updates on its domestic and international subscriber bases.
In terms of the domestic market, which includes the U.S. and Canada, Warner Bros. Discovery ended the most recent quarter with 58 million subscribers.
This represented an increase of 200,000 on the 57.8 million reported for the second quarter of the year, and an increase of 5.4 million on the 52.6 million reported for the third quarter of the year before.
Internationally, Warner Bros. Discovery ended the third quarter with a total of 70 million subscribers, an increase of 2.1 million on the 67.9 million reported for the second quarter.
Thanks to the continued expansion of HBO Max (formerly Max) into new countries, the 70 million also represented an increase of 12.1 million on the 57.9 million reported for the third quarter of 2024.
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