Film and TV powerhouse Warner Bros. Discovery ($WBD) might have finally discovered the way to find itself — a globe-trotting road trip. After reporting a $10B loss last quarter, the parent company of streaming platform Max indicated that its overseas market expansion has started to impact its subscriber count and financials.

• Max added 7.2M customers in Q3, marking its single largest quarterly subscriber increase, bringing the total to 110.5M.
• These additions helped lift direct-to-consumer (DTC) business revenue by 9%, reaching $2.63B — with the segment netting an operating income of $289M.

Discovering profits: In addition to strong DTC results, the company’s TV network revenue rose 3% — offsetting a 17% decline in studio revenue as box office giants like “Twisters” failed to keep up with last year’s “Barbie” performance. Thanks to the DTC and TV additions, the company’s revenues dropped just 4% — but investors didn’t mind, as the company generated a $135M profit (a turnaround from last year’s $417M loss).