WBD · 10-Q · 2026Q2 · Full report

Operating Expense Trends

Warner Bros. Discovery, Inc. · 2026-08-06 · Importance 31 · Surprise 32 · From source text

Consolidated selling, general and administrative expense increased 3% in the second quarter and 7% in the first six months of 2026, primarily due to higher transaction and integration costs and marketing expenses. Streaming SG&A increased 14% in the quarter and 16% year to date as WBD increased marketing for HBO Max launches and incurred higher overhead costs. Studios SG&A decreased 1% in the quarter but increased 1% year to date, reflecting lower marketing expense in the quarter and higher overhead costs year to date. Global Linear Networks SG&A decreased 6% and 3% because lower overhead costs more than offset higher marketing expense.

Key facts

• Depreciation and amortization expense was $1,159 for the three months ended June 30, 2026 and $1,447 for the three months ended June 30, 2025; $2,385 for the six months ended June 30, 2026 and $2,994 for the six months ended June 30, 2025. source
• Costs of revenues, excluding depreciation and amortization for three months ended June 30, 2026: $4,621 million. source
• Selling, general and administrative expense for three months ended June 30, 2026: $2,564 million. source
• Depreciation and amortization expense for three months ended June 30, 2026: $1,159 million. source
• Depreciation and amortization for six months ended June 30, 2026: $2,385 million. source
• Selling, general and administrative expenses increased 3% and 7% for the three and six months ended June 30, 2026, respectively. source

Impact estimates