Warner Bros. Discovery, Inc. Series A Common Stock (WBD) Financials
Key financial figures for Warner Bros. Discovery, Inc. Series A Common Stock (Q2 2026).
WBD Q2 2026 revenue fell 11% (12% ex-FX) to $8.72B as Studios and Global Linear Networks declines outweighed Streaming growth, with Adjusted EBITDA down 6% ex-FX to $1.88B. Total revenues were $8,717M, down 11% YoY (12% ex-FX) from $9,812M, missing the absence of the NBA and continued domestic linear declines. Streaming segment revenue grew 10% ex-FX to $3,079M, with subscriber-related revenue up 10% ex-FX; Streaming Adjusted EBITDA rose 63% ex-FX to $512M. Studios segment revenue fell 39% ex-FX to $2,328M on weaker theatrical results; Global Linear Networks revenue fell 17% ex-FX to $3,991M, partly from the absent NBA package. Figures are for Q2 2026, as Warner Bros. Discovery, Inc. reported them.
- Revenue
- $8.7B
- Net Income
- $162M
- EPS
- $0.06
- Total Assets
- $97.2B
- Operating Cash Flow
- $848M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $8.7B | $149M | $0.06 | 2.72% | $572M |
| Q1 FY2026 | $8.9B | -$2.9B | -$1.17 | 6.17% | -$476M |
| Q4 FY2025 | $9.5B | -$252M | -$0.10 | 5.67% | $1.4B |
| Q3 FY2025 | $9.0B | -$148M | -$0.06 | 6.76% | $701M |
| Q2 FY2025 | $9.8B | $1.6B | $0.63 | -1.89% | $702M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $37.3B | $727M | $0.29 | 3.51% | $3.1B |
| FY2024 | $39.3B | -$11.3B | -$4.62 | -25.51% | $4.4B |
| FY2023 | $41.3B | -$3.1B | -$1.28 | -3.75% | $6.2B |
Frequently asked questions
What was Warner Bros. Discovery, Inc.'s revenue last quarter?
Warner Bros. Discovery, Inc. reported revenue of $8.72 billion for Q2 FY2026, down 11.2% from the same period a year earlier.
Is Warner Bros. Discovery, Inc. profitable?
Yes. Warner Bros. Discovery, Inc. reported net income of $149.0 million for Q2 FY2026, a net margin of 1.71% on revenue.
How has Warner Bros. Discovery, Inc.'s margin trended?
Operating margin was 2.72% in Q2 FY2026, compared with -1.89% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Warner Bros. Discovery, Inc. generate?
Warner Bros. Discovery, Inc. generated free cash flow of $572.0 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Warner Bros. Discovery, Inc. Series A Common Stock on SentiSense, with up to forty quarters and twenty fiscal years of history.