AT&T raises revenue forecast as HBO Max adds customers

AT&T raised its full-year financial forecast as the telecom giant added more phone customers and HBO Max subscribers than previously expected.

AT&T has made strides during the pandemic, adding more wireless and internet customers as it unwound its media and entertainment unit, WarnerMedia, in order to focus on its core phone and internet businesses. In May, AT&T inked a $43 billion deal to spin off WarnerMedia, which includes streaming service HBO Max, movie studio Warner Bros. and news network CNN, to Discovery, owner of channels like HGTV, TLC and The Food Network.