Subs declined to 95.1 million in the third quarter from 95.8 million in the second quarter.

A decline in linear television combined with ongoing fears of a recession are hitting parts of the ad ecosystem.

Advertising revenue in the Networks business fell to $1.7 billion, from $1.9 billion.

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Picket line outside Warner Bros. Studios in Burbank.Getty Images

Total Neworks revenue of $4.8 billion was down from $5.2 billion the year earlier.

Content and distribution revenue were also both lower.

Consolidated EBITDA last quarter of over $2.9 billon, up 22%, blew past forecasts.

Max executives Casey Bloys, Kathleen Finch, David Zaslav and JB Perrette

Aresolution with SAG-AFTRA looks closebut meanwhile, this is the third quarter in which the Hollywood strikes loom large.

Studios revenue was up buoyed by theatrical andBarbie.

The Nun IIwas the sixth film in The Conjuring Universe to cross $250 million in global box office.

Free cash flow is a strong story.

It came in with well over $2 billion.

Execs are holding a call at 8 am ET.