WBD · News · 20260804N

Streaming Segment Performance

Warner Bros. Discovery, Inc. · 2026-08-04 · Importance 58 · Surprise 58

WBD’s streaming segment generated more than $3 billion of revenue in the second quarter of 2026, a first for the company. Streaming revenue grew 10% year over year as HBO Max benefited from subscriber gains, higher engagement and increased advertising monetization. Subscriber-related revenue growth accelerated by 200 basis points sequentially. Streaming profitability also improved, with segment EBITDA reported as up 60%.

Key facts