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Form 8-K · Current Report · Filed 2025-08-07

Warner Bros. Discovery Reports Q2 2025 Financial Results with Net Income of $1.58 Billion

Warner Bros. Discovery, Inc. reported its financial results for the quarter ended June 30, 2025, showing total revenues of $9.8 billion, a modest increase from the prior year. The company posted a net income of $1.58 billion, which includes significant gains from the extinguishment of debt and acquisition-related expenses. Adjusted EBITDA was $1.95 billion, up 9% year-over-year. The company's streaming segment saw growth in subscribers and revenues, while the studios segment experienced a substantial increase in content revenues due to strong theatrical releases. Free cash flow decreased due to higher interest expenses and separation-related items.

Filer
Warner Bros. Discovery, Inc. WBD · NASDAQ
Filed
Accession
0001437107-25-000189
CIK
0001437107
Signal
Medium impactCommunication Services

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat General Statement
Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$12.79

Next session

-14.7%

Since filing

+105.6%

Latest close

$26.30

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from WBD reporting the same item, with the next session's move:

Exhibits (2)

About Warner Bros. Discovery, Inc.

Warner Bros. Discovery, Inc. is a prominent global media and entertainment company known for its extensive portfolio of content and entertainment services. The company's primary function is to create and distribute varied media products, including films, television programming, and digital content. Among its notable features is ownership of Warner Bros. Pictures, a significant player in the film industry, and HBO, a well-regarded cable network known for producing acclaimed original series. Warner Bros. Discovery also operates Discovery Channel, adding to its diverse range of content catering to different audiences. The company impacts multiple sectors, including cinema, television broadcasting, and digital streaming services. Its role in the market is bolstered by an ability to reach a vast audience through a mix of traditional and innovative platforms, as well as its strategic focus on expanding its digital and streaming presence. This makes Warner Bros. Discovery a key entity in shaping the future of entertainment consumption worldwide.

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