Warner Bros. Discovery (WBD) reported a revenue miss in Q3 due to declines in Studios, but beat on bottom line, with shares up 10.6% before the bell.

Warner Bros. Discovery (WBD) stock rose about 5% in premarket trading on Thursday after the company reported strong streaming results in the third quarter that included the largest ever quarterly growth of subscribers since the launch of Max.

Warner Bros. Discovery made profit progress in its streaming business during the latest quarter, despite pressures related to broadcasting the Olympics in Europe. WBD’s direct-to-consumer segment posted adjusted earnings before interest,