EBITDA also tumbled 5% to $2.6 billion.
In theearningsrelease, CEO David Zaslav pointed to significant financial and operating gains instreamingduring the quarter.
Net losses were inflated by previously announced restructuring costs.
Westworld is one show pulled from HBO Max amid a financial review. It will be distributed via FAST ChannelsHBO
The message of the Zaslav-led conglom now is that its making solid progress on a major overhaul.
The Networks unit reported a 17% drop in advertising revenue, to $2.23 billion.
TV licensing deals were down from the year-earlier quarter.
Games and home entertainment revenues saw adverse comparisons with Covid-fueled demand in the prior year.
Gross debt, a concern for many investors, stood at just shy of $50 billion.
