Nov 7 (Reuters) - Warner Bros Discovery ( WBD ) missed

Wall Street estimates for third-quarter revenue on Thursday, as

its studio business took a hit from fewer blockbuster releases.

With releases such as "Beetlejuice Beetlejuice" in the

July-September quarter, Warner Bros Discovery's ( WBD ) studio division

has struggled to repeat last year's explosive success of Margot

Robbie-starrer "Barbie", the highest grossing film of 2023.

However, the company's streaming segment added 7.2 million

direct-to-consumer subscribers in the third quarter, beating

estimates for 6.28 million additions, according to data compiled

by Visible Alpha.

Warner Bros Discovery's ( WBD ) streaming platform, Max, entered

Europe weeks before the Olympic Games in Paris with exclusive

rights to stream the highly anticipated sporting event,

resulting in a boost in subscribers.

The streaming business, which includes the Max and

Discovery+ services, reported adjusted earnings before interest,

taxes, depreciation and amortization of $289 million, which more

than doubled from a year earlier.

Revenue at the TV networks division, which includes

Discovery Channel, Animal Planet and Food Network, rose 3% to

$5.01 billion, primarily driven by sublicensing of Olympic

sports rights to regional broadcast networks throughout Europe.

The company reported revenue of $9.62 billion for the three

months ended Sept. 30, compared with analysts' average estimate

of $9.80 billion, according to data compiled by LSEG.