Max and Discovery+ now have more than 122 million subscribers, the company says, beating Wall Street expectations in most categories.

Warner Bros. Discovery said its first-quarter loss narrowed from the year-earlier period as it added more than 5 million subscribers to its streaming services around the globe. Even so, the company had to contend with dips in all of its traditional streams of revenue,

Warner Bros Discovery missed first-quarter revenue estimates on Thursday, weighed down by a lack of big box office hits from its studio and weakness in its traditional TV business as consumers continued to abandon cable for streaming.