WBD Beats Q2 EPS Estimates, Touts 2027 HBO Slate as Strongest Yet
WBD has more than doubled off its 52-week low of $10.76.
Summary
Warner Bros. Discovery reported Q2 revenue of $8.72B, missing the $9.29B consensus, but EPS of $0.06 beat expectations for a $0.13 loss. The streaming unit was the bright spot: revenue rose 10% to $3.08B and adjusted EBITDA nearly doubled to $512M. Studios and linear networks dragged, with studios revenue down 39% and linear ad revenue down 27% after losing NBA rights. Management said 2027 could be HBO's strongest year yet, citing a deep content pipeline including Harry Potter and The White Lotus. The $110B Paramount Skydance merger is set for a March 2027 antitrust trial, with UK clearance already secured. The company generated $572M in free cash flow and ended with $3.4B in cash. Shares rose 1% on the day.
At the time of this announcement, WBD was trading at $26.48 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $66.4B. The 52-week trading range was $10.76 to $30.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.