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Los Angeles Premiere Of HBO Original Series "The Last Of Us" Season 2 - Arrivals
Los Angeles Premiere of HBO Original Series "The Last of Us" Season 2 (Axelle/FilmMagic)

Warner Bros. Discovery is getting real serious about Max passwords — and subscriber growth

With buzzy IP like “The Last of Us” and “Euphoria,” the streamer is targeting 150 million subscribers by 2026.

Nia Warfield

Warner Bros’ streaming service Max is officially cracking down on password sharing, joining Netflix in the fight to convert freeloaders into paying viewers.

This week, Max rolled out a new feature called Extra Member Add-On, which lets users transfer profiles from outside their household into separate paid accounts — watch history, recommendations, and all.

The move, first floated in December, is part of a larger push to tighten account access and boost subscriber numbers. It also comes as streamers look to pad their bottom lines and turn direct-to-consumer platforms into profit powerhouses.

Max’s numbers are far behind Netflix’s towering 301 million. Netflix famously kicked off its own password crackdown in 2023, resulting in a surge of individual membership sign-ups and massive growth for its cheaper ad-supported tier.

“Extra Member Add-On and Profile Transfer are two key Max advancements, designed to help viewers enjoy our best-in-class content with more flexibility,” JB Perrette, CEO of global streaming and games at Warner Bros. Discovery, said in a statement Tuesday.

For now, Max users can add only one extra member per account.

This crackdown could be just the boost Max needs to hit its ambitious goal of 150 million subscribers by the end of 2026. The streamer is leaning hard on its hit originals: Euphoria,” The White Lotus,” and The Last of Us,” which is now Max’s most-watched series ever.

It’s also betting big on sports. With more than 1,700 live events streaming on the platform, Max has become a growing destination for fans. Last month, Bernstein analysts raised their price target on the stock to $11 from $9, noting Max’s growing reach abroad and the global launch of its upcoming Harry Potter” franchise.

Still, Warner Bros. Discovery shares are down 22% so far this year.

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OpenAI’s ARR reached over $20 billion in 2025, CFO says

Sam Altman’s $500 billion artificial intelligence behemoth hit a major financial milestone last year, according to a new blog post over the weekend from OpenAI CFO Sarah Friar, as the company confirmed it had hit a more than $20 billion annual revenue run rate at the end of 2025.

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
Sherwood News

Elsewhere in the blog post, Friar spent time addressing the company’s shifting goals, referencing plans to “close the distance between where intelligence is advancing and how individuals, companies, and countries actually adopt and use it.” As has become customary in the AI company press release genre, the CFO was also keen to tout the unending growth of the business, writing:

  • Both our Weekly Active User (WAU) and Daily Active User (DAU) figures continue to produce all-time highs. This growth is driven by a flywheel across compute, frontier research, products, and monetization.

  • Compute grew 3X year over year or 9.5X from 2023 to 2025: 0.2 GW in 2023, 0.6 GW in 2024, and ~1.9 GW in 2025.

And, perhaps most importantly for current backers and those keeping an eye on the private company before its rumored mega IPO:

  • Revenue followed the same curve growing 3X year over year, or 10X from 2023 to 2025: $2B ARR in 2023, $6B in 2024, and $20B+ in 2025. This is never-before-seen growth at such scale.

That latest figure has certainly set tongues in the tech world wagging, just as the company announced it would begin rolling out ads to free and ChatGPT Go users. It also puts the chatbot giant a fair way ahead of competitors like Anthropic, the company behind Claude.

OpenAI Anthropic ARR race
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