MergerAug 6, 2026, 09:51 AM
Warner Bros. Discovery Q2 Net Income $149M; PSKY Merger Faces Legal Challenge
AI Summary
Warner Bros. Discovery reported Q2 2026 net income of $149 million, a significant decrease from $1.58 billion in Q2 2025, with diluted EPS falling to $0.06 from $0.63. Year-to-date, the company recorded a net loss of $2.77 billion, primarily due to a $2.8 billion Netflix Termination Fee incurred in Q1 2026. The proposed PSKY Merger, which would acquire WBD for $31.00 per share, is facing legal challenges from state attorneys general and writers' guilds, alleging antitrust violations and creating uncertainty for the transaction.
Key Highlights
- PSKY Merger Agreement entered into, WBD to be acquired for $31.00 per share.
- Netflix Merger Agreement terminated, resulting in a $2.8 billion termination fee.
- PSKY Merger faces legal challenges from state attorneys general and writers' guilds.
- Q2 2026 net income was $149 million, down from $1.58 billion in Q2 2025.
- Q2 2026 diluted EPS was $0.06, down from $0.63 in Q2 2025.
- Six months ended June 30, 2026, net loss was $2.77 billion.
- Total revenues for Q2 2026 decreased to $8.72 billion from $9.81 billion.
- Cash provided by operating activities for six months ended June 30, 2026, was $640 million.
Price Impact
More from WBD