Take HBO Max's Subscriber Count With a Grain of Salt

AT&T (NYSE: T) is right to be proud of the success it has achieved with its HBO Max streaming subscription in so short a time, but it's still the legacy HBO service that's doing most of the heavy lifting. 

Of the 41 million monthly U.S. subscribers AT&T touted for the new service at the end of the fourth quarter, there were only 17 million activations for HBO Max -- the people who actually downloaded and used the mobile app or otherwise paid for it. The rest are those who were ported in through HBO or had access through other means.

Yes, AT&T doubled the number of HBO Max subscribers in just one quarter, but so far, the streaming service is no Disney+.

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Source Fool.com