Skip to content
Screener

Warner Bros. Discovery, Inc. WBD Q2 2026 earnings

Reported August 6, 2026 · Before market open

Revenue$8.7BMiss by $534.3M
EPS$0.06Beat by $0.20
Revenue estimate$9.3B
EPS estimate-$0.14

Next report

Nov 5, 2026 (in a month)
Revenue estimate$8.7B
EPS estimate$0.02

Financials

Q2 2026

Income statement

See full
Revenue$8.7B-11.2%
Gross profit$4.1B+6.5%
Operating income$237.0M+228%
Net income$149.0M-90.6%
EPS (diluted)$0.06-90.5%

Balance sheet

See full
Cash & equivalents$3.4B-31.1%
Total debt$32.0B+14,390%
Total equity$32.8B-8.9%
Total assets$97.2B-4.4%

Cash flow

See full
Operating cash flow$848.0M-13.7%
CapEx$276.0M-1.8%
Free cash flow$572.0M-18.5%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$77.6B+62.9%
Enterprise value$106.25B+144%
P/S2.2×+0.9×

Profitability

See full
Gross margin47.2%+4.0pp
Operating margin-3.5%-3.7pp
FCF margin6%-4.5pp

Returns & leverage

See full
Debt / equity1×+1.0×
Current ratio0.8×-0.3×

Segments

By segment

See full
Global Linear Networks$4.0B-16.9%
Streaming$3.1B—
Studios$2.3B-38.8%

By product

See full
Distribution$5.0B+1.3%
Advertising$1.7B-22.2%

FAQ

When did Warner Bros. Discovery, Inc. report Q2 2026 earnings?
Warner Bros. Discovery, Inc. (WBD) reported Q2 2026 earnings on August 6, 2026 before market open.
What were Warner Bros. Discovery, Inc.'s Q2 2026 revenue and EPS?
Warner Bros. Discovery, Inc. reported revenue of $8.7B and eps of $0.06 for Q2 2026.
Did Warner Bros. Discovery, Inc. beat estimates in Q2 2026?
Revenue missed the consensus estimate of $9.3B by $534.3M. EPS beat the consensus estimate of $-0.14 by $0.20.
How did Warner Bros. Discovery, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 11.2% from $9.8B a year earlier and eps declined 90.5% from $0.63.
Where can I find Warner Bros. Discovery, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001437107-26-000072) and the 10-Q periodic report (0001437107-26-000075) directly on SEC EDGAR. The filing index links above go to sec.gov.