Quarterly ResultAug 6, 2026, 07:08 AM
Warner Bros. Discovery Q2 Revenue $8.72B, Net Income $149M
AI Summary
Warner Bros. Discovery reported its second-quarter 2026 results, with total revenues decreasing 12% ex-FX to $8.72 billion and net income available to the company falling 91% to $149 million. Adjusted EBITDA also saw a 6% ex-FX decline to $1.88 billion. While the Streaming segment demonstrated strong growth with revenues up 10% ex-FX and Adjusted EBITDA up 63% ex-FX, the Studios and Global Linear Networks segments experienced significant declines. The company also announced the full repayment of its $15 billion bridge loan facility.
Key Highlights
- Total revenues decreased 12% ex-FX to $8.72 billion.
- Net income available to Warner Bros. Discovery, Inc. was $149 million, down 91%.
- Adjusted EBITDA decreased 6% ex-FX to $1.88 billion.
- Free cash flow was $572 million, a 19% decrease year-over-year.
- Streaming segment revenues increased 10% ex-FX to $3.08 billion, with Adjusted EBITDA up 63% ex-FX to $512 million.
- Studios segment revenues decreased 39% ex-FX to $2.33 billion, with Adjusted EBITDA down 89% ex-FX to $96 million.
- Global Linear Networks revenues decreased 17% ex-FX to $3.99 billion, with Adjusted EBITDA down 5% ex-FX to $1.45 billion.
- The company repaid the $15 billion bridge loan facility.
Price Impact
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