(Reuters) – AT&T Inc (NYSE:) beat market estimates for fourth-quarter revenue, bolstered by strong growth from Warner Media and its streaming platform HBO Max as consumers chose to remain indoors amid a surge in the coronavirus pandemic cases.

The pandemic-triggered shift to working, studying and playing online has sustained a strong demand for AT&T’s wireless services while a larger shift to streaming platforms for entertainment has helped the company rake in more customers for HBO Max during the quarter.

Warner Media revenue, which includes HBO Max and HBO Max streaming services, increased 15.4% to $9.9 Billion during the quarter. It helped offset weakness in wireless services as Warner Media added fewer than expected subscribers, who are charged a monthly billing.

The net addition of new customers to the company’s phone system that pay monthly bills was only 884,000, which is below FactSet estimates at 906,500.

Verizon (NYSE): Rival carrier, which gained 558,000 customers in the most recent quarter, outperformed estimates.

The streaming TV service HBO Max and premium TV channel HBO Max saw steady growth, adding 4.4 million subscribers in quarter. They also had releases like “Dune”, the Matrix and “Succession”, which attracted viewers.

Refinitiv Data reported that total consolidated revenue reached $41.0 billion for the quarter ending Dec. 31. This beat analysts’ expectations of $40.44 trillion.

AT&T’s fourth-quarter net income swung to a profit of $5.0 billion, or $0.69 per share, from a loss of $13.9 billion, or $1.95 per share, last year.

Including WarnerMedia and Xandr, AT&T now expects 2022 revenue growth in low-single-digits range.

According to the company, it anticipates that 2022’s adjusted annual earnings will be $3.10-3.15 per share. This is lower than analysts’ average of $3.21.

AT&T is facing fierce competition from rivals Verizon and T-Mobile US (NASDAQ:) amid nationwide deployment of their 5G technology. It also predicted that 2022 will see a $20 billion increase in capital spending.