I suspect the same would be the case for HBO. Their back catalog is more impressive than their current output.
Discovery really did a number on HBO.
The Pitt, The Penguin, Hacks, White Lotus, The Rehearsal, The Last of Us, The Chair Company--all shows off the top of my head that debuted or aired a season in 2025. A few of which won several Emmys, and all of which are critically acclaimed.