Telecom giant AT&T on Thursday reported its second-quarter financials, the first set of results fully affected by the novel coronavirus pandemic.
It detailed a roughly $830 million hit to quarterly earnings before interest, taxes, depreciation and amortization and a roughly $2.8 billion revenue impact after in the first quarter having mentioned a $433 million earnings and a $600 million revenue hit.
Its investment in streaming service HBO Max accounted for a roughly $400 million hit to quarterly earnings, the company said.
AT&T touted the "successful launch of HBO Max with strong engagement," but didn't immediately detail figures beyond disclosing that combined HBO and HBO Max U.S.