WBD · 10-Q · 2026Q2 · Full report

Trade Policy and Tariffs

Warner Bros. Discovery, Inc. · 2026-08-06 · Importance 37 · Surprise 42

The U.S. government’s imposition of tariffs and potential retaliatory tariffs by foreign governments may negatively affect WBD’s operations and results. The company identifies potential higher production costs and reduced advertising spending as transmission channels, particularly where advertisers are sensitive to tariff actions or broader economic conditions. WBD stated that the full effects depend on future developments that are highly uncertain and cannot be predicted.

Key facts

• The filing warns of the imposition of tariffs by the U.S. government and any retaliatory tariffs from foreign governments as a potential risk. source