Reports Q2 revenue $9.82B, consensus $9.83B. Total Adjusted EBITDA was $2.0 billion, a 9% ex-FX increase compared to the prior year quarter, primarily due to growth in the Streaming and Studios segments, partially offset by a decline in the Global Linear Networks segment. Global streaming subscribers were 125.7 million, an increase of 3.4 million global subscribers vs. Q1. Streaming revenues increased 8% ex-FX to $2,793 million compared to the prior year quarter. Subscriber-related revenues(8)(*) increased 10% ex-FX compared to the prior year quarter. Global streaming ARPU(9) decreased 11% ex-FX to $7.14, primarily attributable to growth in lower ARPU international markets and a 8% decrease in domestic streaming ARPU to $11.16. The decrease in domestic streaming ARPU was primarily driven by broader wholesale distribution of HBO Max Basic with Ads.
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