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Warner Bros. Discovery, Inc. WBD Studios — Restructuring and other charges

Other segment segments

Global Linear Networks
$33M+32.0%
Streaming
$18M+157%

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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:RestructuringCharges.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Streaming$18$7$44$19
Studios14(1)23(6)
Global Linear Networks33257541
Corporate and inter-segment eliminations484917580
Total restructuring and other charges$113$80$317$134

ITEM 1. Unaudited Financial Statements.

FAQ

What is Warner Bros. Discovery, Inc.'s studios — restructuring and other charges?
Warner Bros. Discovery, Inc. (WBD) reported studios — restructuring and other charges of $14M in Q2 2026.
How has Warner Bros. Discovery, Inc.'s studios — restructuring and other charges changed year-over-year?
Warner Bros. Discovery, Inc.'s studios — restructuring and other charges increased by 1500.0% year-over-year, from -$1M to $14M.
What is the long-term trend for Warner Bros. Discovery, Inc.'s studios — restructuring and other charges?
Over 3 years (2022 to 2025), Warner Bros. Discovery, Inc.'s studios — restructuring and other charges has grown at a -74.2% compound annual growth rate (CAGR), from $1.05B to $18M.
What does studios — restructuring and other charges mean?
Represents non-recurring costs associated with organizational realignment, workforce reductions, or strategic shifts within the studios business segment. These charges reflect the financial impact of streamlining operations to improve long-term profitability and efficiency.

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