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Warner Bros. Discovery, Inc. WBD Streaming — Payments for Restructuring

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Global Linear Networks
$20M-20.0%
Studios
$10M-37.5%

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Other financials

Income statement

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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

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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

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

Valuation

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Market cap$67.14B+152%
Enterprise value$95.8B+335%
P/S1.9×+1.2×

Profitability

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Gross margin47.2%+4.0pp
Operating margin-3.5%-3.7pp
Net margin1.3%+0.7pp
FCF margin6%-4.5pp

Returns & leverage

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Return on equity1.4%+0.7pp
Debt / equity+1.0×
Current ratio0.8×-0.3×

Where this comes from

Reported directly by Warner Bros. Discovery, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRestructuring.

The source filing: Warner Bros. Discovery, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 9:42 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001437107-26-000075
Line itemStreamingStudiosGlobal Linear NetworksCorporateTotal
December 31, 2025$23$58$69$127$277
Contract termination accruals, net1212
Employee termination accruals, net2911(2)20
Employee retention, net31206363177
Consulting fees and other accruals and adjustments11(6)1102108
Cash paid(28)(14)(50)(197)(289)
June 30, 2026$39$67$94$105$305

ITEM 1. Unaudited Financial Statements.

FAQ

What is Warner Bros. Discovery, Inc.'s streaming — payments for restructuring?
Warner Bros. Discovery, Inc. (WBD) reported streaming — payments for restructuring of $9M in Q2 2026.
How has Warner Bros. Discovery, Inc.'s streaming — payments for restructuring changed year-over-year?
Warner Bros. Discovery, Inc.'s streaming — payments for restructuring decreased by 0.0% year-over-year, from $9M to $9M.
What does streaming — payments for restructuring mean?
The actual cash outflow utilized to settle restructuring obligations within the streaming business. Unlike accruals, this represents the realized impact on liquidity and cash flow. It tracks the pace at which the company is executing its cost-reduction or reorganization strategy.

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