WBD · 10-Q · 2026Q2 · Full report

Linear Subscriber Declines

Warner Bros. Discovery, Inc. · 2026-08-06 · Importance 59 · Surprise 48

Global Linear Networks distribution revenue declined 9% in the second quarter and 8% in the first six months of 2026. Domestic linear subscribers fell 10% in both periods, despite domestic affiliate-rate increases of 1% in the quarter and 2% year to date. Management stated that linear subscriber declines are expected to continue. The segment’s advertising revenue also fell 27% in the quarter and 20% year to date as domestic network audiences declined and the NBA was absent from the 2026 schedule.

Key facts

• Global Linear Networks experienced a 10% decline in domestic linear subscribers for both the three and six months ended June 30, 2026. source