WBD Earnings Rise on Streaming Gains

Warner Bros. Discovery (NASDAQ:WBD), the media and entertainment company behind HBO, CNN, and major film studios, released its second quarter earnings for fiscal 2025 on August 7, 2025. GAAP revenue was $9.81 billion in Q2 2025, slightly exceeding analyst expectations of $9.77 billion (GAAP) and growing by 1% compared to Q2 2024. Reported net income was $1.6 billion, reversing a large loss from the previous year, but this included a one-time $3.0 billion pre-tax gain from debt extinguishment. Adjusted EBITDA, which strips out interest, taxes, depreciation, amortization, and certain one-off items, was $2.0 billion, up 9% from Q2 2024. The quarter showed ongoing strength in streaming and Studios, but was challenged by declining linear TV revenue and a sharp drop in free cash flow. Overall, the period highlighted progress towards a direct-to-consumer and Studios-driven strategy, while underscoring persistent pressure in legacy segments and monetization challenges in streaming. Source: Analyst estimates for the quarter provided by FactSet. Warner Bros. Discovery operates a global portfolio spanning entertainment networks, streaming services, and film and television studios. Its brands include news networks, premium scripted and unscripted programming, and well-known franchises such as Harry Potter, DC Comics, and HBO. The company's competitive edge lies in content creation, owning a vast library of intellectual property, and its ability to distribute this content across multiple platforms, from traditional TV to streaming and theatrical releases.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool