WBD · News · 20260806N

Revenue Performance and Mix

Warner Bros. Discovery, Inc. · 2026-08-06 · Importance 54 · Surprise 40

Warner Bros. Discovery’s second-quarter 2026 revenue fell 11% year over year to approximately $8.7 billion, below analysts’ $9.2 billion expectation. The decline reflected the absence of NBA games, which weakened advertising sales, and weaker box-office performance, including the underperformance of “Supergirl.” Streaming revenue increased 10% year over year and exceeded $3 billion for the first time, supported by HBO Max subscriber growth, engagement and advertising monetization. Television and studio revenue declined, offsetting the streaming segment’s growth.

Key facts

• Total revenue fell 11% to $8.7 billion in Q2 2026. source
• Analysts had projected $9.2 billion in revenue for Q2 2026. source
• Diluted earnings per share were $0.06, topping estimates of a loss of $0.10 per share. source
• The company recorded a large charge that narrowed profit in the second quarter. source
• Morningstar reported Warner Bros. Discovery's streaming and studios sectors show promise while global networks face ongoing decline if the company remains independent. source
• Warner Bros. Discovery reported financial results for the quarter ended June 30, 2026. source