WBD Warner Bros. Discovery (WBD) Q2 FY26 earnings call
Warner Bros. Discovery delivered a strong second quarter, marked by record streaming segment revenue and significant adjusted EBITDA profitability, driven by the global success of HBO content. While the studio business faced a challenging period and linear advertising saw declines, the company emphasized its diversified strategy, robust content pipeline, and confidence in its long-term financial targets. Management also reiterated its commitment to the pending divestiture to Paramount's Skydance, highlighting the company's strong operational performance.
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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.