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Warner Bros. Discovery

WBD

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Q2 FY2026 EarningsQ2 FY26 results missed consensus on the top-line, with revenue of $8.72B falling short of the $9.18B expected. However, the company reported a positive GAAP EPS of $0.06, significantly beating the consensus mean estimate of a -$0.10 loss, primarily driven by a substantial $433M income tax benefit. The Streaming segment showed strong momentum with a 63% ex-FX Adjusted EBITDA increase, while the absence of NBA rights and a weak theatrical slate weighed heavily on the Global Linear Networks and Studios segments respectively.

Financial report interval: 2026.03.30 - 2026.06.30

Overview: Warner Bros. Discovery(WBD) the Revenue is 8.717 B (-11.16%), Miss estimate;the EBIT is 237 M (+228.1%), Beat estimate;the EPS is 0.06 (-90.48%), Beat estimate.

Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueMiss expectations
8.72B11.16%
9.18B6.39%
-0.47B4.77%
EBITExceed expectations
0.24B228.11%
0.01B104.56%
+0.23B123.55%
EPSExceed expectations
0.0690.48%
-0.1114117.68%
+0.171427.20%

Revenue

ActualEstimateUnit: USD
qf

EBIT

ActualEstimateUnit: USD
qf

Net income

ActualEstimateUnit: USD
qf

EPS

ActualEstimateUnit: USD
qf