WBD · 8-K · 20260806PR000072
Studios Product Performance
Warner Bros. Discovery, Inc. · 2026-08-06 · Importance 64 · Surprise 56 · In source text
Studios content revenue decreased 41% ex-FX, with theatrical revenue down 46% because the current-quarter slate performed below the prior year’s strong results from A Minecraft Movie, Sinners, and Final Destination Bloodlines. TV revenue decreased 45% ex-FX, primarily due to lower intercompany content licensing tied to renewal timing. Games revenue increased 45% ex-FX following the release of LEGO Batman: Legacy of the Dark Knight.
Key facts
- Studios games content expense increased 52% ex-FX due to the release of LEGO Batman: Legacy of the Dark Knight. source
- Games revenue increased 45% ex-FX at the Studios segment due to release of LEGO Batman: Legacy of the Dark Knight. source
- Studios theatrical content expense decreased 41% ex-FX due to lower theatrical revenues, partially offset by impairments in the current year quarter. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | — | Studios games content expense increased 52% ex-FX due to the release of LEGO Batman: Legacy of the Dark Knight. |
| revenue | positive | realized | — | Games revenue increased 45% ex-FX at the Studios segment due to release of LEGO Batman: Legacy of the Dark Knight. |