Warner Bros Discovery missed first-quarter revenue estimates on Thursday, weighed down by a lack of big box office hits from its studio and weakness in its traditional TV business as consumers continued to abandon cable for streaming.

Max and Discovery+ now have more than 122 million subscribers, the company says, beating Wall Street expectations in most categories.

Warner Bros. Discovery Inc., the parent of HBO and CNN, reported first-quarter results that fell below analysts’ expectations even as the media company added 5.3 million new streaming customers.