Azernews.Az

By Alimat Aliyeva

Warner Bros. Discovery reported second-quarter fiscal 2026 revenue of $8.7 billion on Thursday, down 11% compared with the same period last year and below analysts’ expectations, AzerNEWS reports, citing foreign media.

The company posted net income of $149 million, a sharp decline from $1.58 billion a year earlier. According to Warner Bros. Discovery, the results were significantly affected by $1.1 billion in pre-tax acquisition-related costs, including the amortization of intangible assets, content valuation adjustments, and restructuring expenses.

Diluted earnings per share (EPS) fell to $0.06, compared with $0.63 in the second quarter of fiscal 2025.

Despite the weaker financial results, the company highlighted the strong performance of its streaming business. Warner Bros. Discovery said the return of HBO Max hits Euphoria and House of the Dragon attracted large audiences and helped drive a significant increase in subscriber numbers.

In its shareholder letter, the company emphasized that HBO Max continues to strengthen its position by offering high-profile original content that resonates with global audiences and supports long-term subscriber growth.

Following the earnings release, Warner Bros. Discovery shares rose 0.42% in premarket trading to $26.08, suggesting investors responded positively to the company's streaming momentum despite the decline in revenue and profits.

The latest results underscore the ongoing transformation of the media industry, where traditional television businesses continue to face pressure while streaming platforms remain the key driver of competition and future growth.