Traditional media companies have also lost billions to launch and feed their streaming platforms over the past five years.
They have been working to stanch the red ink, with some recently posting profits.
The segment had revenue of $96 billion for FY 2024 that ended in September.
Mark S. (Adam Scott) and Helly R. (Britt Lower) in ‘Severance’ Season 2Apple Tv+
Apple didnt immediately respond to a request for comment.
