WBD Warner Bros. Discovery (WBD) Q1 FY26 earnings call
Warner Bros. Discovery reported a strong first quarter, driven by significant subscriber growth for HBO Max, which exceeded guidance and launched successfully in new European markets. The company's studios achieved notable creative and financial success, including 11 Oscar wins, validating its content strategy. While navigating a dynamic media landscape, WBD continues to optimize its linear networks and sees accelerating momentum across its streaming and content businesses, setting the stage for its next strategic chapter.
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WBD operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Mar 2025 Q1 FY25 | Change vs prior quarter |
|---|---|---|---|
| Paid subscriber net additions Direct-to-Consumer | ~6.5MWe added about 6.5 million subscribers in the fourth quarter and nearly 20 million subscribers in less than a year.Source: earnings call transcript | 5M+And in the first quarter, we gained over 5 million subscribers and delivered $339 million in EBITDA.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.