What does studios — payments for restructuring mean?

The actual cash outflow associated with executing restructuring plans within the studios segment, such as severance payments or lease terminations. This metric provides visibility into the cash impact of organizational changes.

Warner Bros. Discovery, Inc. (WBD) Studios — Payments for Restructuring

Screener

Other segment segments

Global Linear Networks

$20M-20.0%

Streaming

$9M—

Similar metrics at other companies

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PSKYStudios — Payments for Restructuring

$25M—

WKCAviation — Payments for Restructuring

$1.2M+500%

WKCLand — Payments for Restructuring

$8.3M+337%

WKCMarine — Payments for Restructuring

$900K—

MTRNOther — Payments for Restructuring

$197K+87.6%

VIAVOSP — Payments for Restructuring

$275K+83.3%

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

See full

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

See full

Return on equity1.4%+0.7pp

Debt / equity1×+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 item	Streaming	Studios	Global Linear Networks	Corporate	Total
December 31, 2025	$23	$58	$69	$127	$277
Contract termination accruals, net	—	—	—	12	12
Employee termination accruals, net	2	9	11	(2)	20
Employee retention, net	31	20	63	63	177
Consulting fees and other accruals and adjustments	11	(6)	1	102	108
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 studios — payments for restructuring?: Warner Bros. Discovery, Inc. (WBD) reported studios — payments for restructuring of $10M in Q2 2026.
How has Warner Bros. Discovery, Inc.'s studios — payments for restructuring changed year-over-year?: Warner Bros. Discovery, Inc.'s studios — payments for restructuring decreased by 37.5% year-over-year, from $16M to $10M.
What does studios — payments for restructuring mean?: The actual cash outflow associated with executing restructuring plans within the studios segment, such as severance payments or lease terminations. This metric provides visibility into the cash impact of organizational changes.