Warner Bros Discovery (WBD) second quarter revenue rose slightly to $9.8 billion over the same period last year, with 9% increase in the streaming and studio segments due to theatrical performances.
For the three months ended June 30th, Studios revenues rose 55% to $3.8 billion, with content revenue driven primarily by outstanding box office revenues that generated more than $2 billion worldwide.
Minecraft movies It opened on April 2nd and has so far won over $955 million. sinner ($365 million), F1 On behalf of Apple ($555.5M) the New Line line Final Destination: Bloodline ($285 million). The last five theatrical releases each opened in North America for over $45 million. This is a first for any studio.
It highlights the strength of the theatre business led by Michael De Luka and Pam Abi. Pam Abi saw the volatile ground in the first quarter after a series of underperformers, but WBD CEO David Zaslav plans a 12-14 theatrical release of the year.
It consists of one or two Warner Bros. tent poles, mainly using well-known IPs. 1-2 DC Studio movies. Three or four new line releases. Warner Bros. Animation titles 1-2. “A choice of original films on a medium budget.”
DC Studio’ Superman Opened in the third quarter, it currently costs $562.7 million, and is a highly valued horror from Newline weapons I’ll arrive this weekend. What comes from DC Studios Supergirl: Tomorrow’s Woman and Clayface 2026, and the next Wonder Woman. Batman II Preparations are being made for production to begin next spring, and is scheduled for 2027.
Zaslav, referring to the studio’s pecking order, told analysts over the phone:
The CEO added that Peter Jackson submitted a “great script” Lord of the Rings: Gollum Hunt.
The Studios segment is projected to reach a adjusted EBITDA of at least $2.4 billion for the full year, as it aims to reach more than $3 billion a year.
Zaslav and WBD CFO Gunnar Wiedenfels are in the process of splitting the company into two in a move that essentially reverses the 2022 merger of Warnermedia and Discovery.
The split is expected to close in mid-2026, with Zaslav being able to see Zaslav Run Running Streaming & Studios as president and CEO, and Wiedenfels is expected to be the same title in charge of the global network.
Returning to Thursday’s second quarter report, global streaming subscribers rose 3.4m to 125.7m over the first quarter. Streaming ad revenues fell by 10% in ex-Forex, executives said that ad light streaming subscribers growth was “more than offset by a decline in linear audiences in the country.”
In a prepared statement, WBD Hierarchy said that Q2 provided over 3.2 million international subscribers, noting that this was “driven by the highly successful launch of HBO Max in Australia at the end of the first quarter.” They said this will strengthen their confidence in future launches in the UK & Ireland, Germany and Italy in 2026, with the belief that subscribers will exceed 150m by the end of the year.
The net profit available to WBD was $1.6 billion. Total adjusted EBITDA increased 9% in the quarter last year, primarily due to growth in the streaming and studio segment, partially offset by a decline in global linear networks.
WBD reported $700,000 in free cash flow and was affected by approximately $250 million in segregation-related items. The company closed the quarter with $4.9 billion in cash and total debt of $35.6 billion, and 3.3 times the net leverage.
(TagStoTranslate)Finance (T)US (T)Warner Bros.
