AT&T Investor Day Presentation Deck

HRO MAX PL AN 41M DOMESTIC HBO MAX + HBO SUBSCRIBERS IN THE US 34M 36M 2019 2020 38M BY END OF 2022 2021 OCTOBER 2019 INVESTOR DAY 2023 2025 2022 Incremental DTC Subscribers Note: The subscriber metrics above are U.S. estimates, and do not include any international estimates. Existing HBO Subscriber Base Domestic HBO Max and HBO subscribers consist of accounts with access to HBO Max (including wholesale subscribers that may not have signed in) and HBO accounts, and excludes free trials and Cinemax subscribers.

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