WBD · 10-Q · 2026Q2 · Full report

Guidance / Outlook

Warner Bros. Discovery, Inc. · 2026-08-06 · Importance 44 · Surprise 24

WBD expects cash on hand, operating cash generation and availability under its Credit Agreement to fund cash needs for the next 12 months. The company had $3.369 billion of cash and cash equivalents and $4.0 billion of unused revolving credit capacity at June 30, 2026. Management expects to continue significant investment in content creation and acquisition, sports rights, and the development and marketing of HBO Max. Capital expenditures were $544 million in the first six months of 2026, including amounts supporting HBO Max, and the company expects to continue incurring significant HBO Max development and marketing costs.

Key facts

• Certain statements in this Quarterly Report on Form 10-Q constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. source
• The Company identifies words such as "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms as indicators of forward-looking statements. source
• The document refers readers to Part I, Item 1A, "Risk Factors," in the Company's 2025 Form 10-K for additional risks. source
• The Company "expressly disclaim[s] any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein." source