Warner Bros. Discovery Reports Second-Quarter 2025 Results NM - Not Meaningful (*) A non-GAAP financial measure; see the section starting on page 13 titled Definitions & Sources for additional details. Q2 2025 Highlights · Total revenues were $9.8 billion, up modestly from the prior year quarter. Q2 2025 Earnings Press Release | August 7, 2025 1 · Distribution revenues were relatively unchanged, as growth in global streaming subscribers was offset by continued domestic linear pay TV subscriber declines. · A ...

About Warner Bros. Discovery: Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes the world's most differentiated and complete portfolio of branded content across television, film, streaming and gaming. Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, HBO Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, ...

Core Insights - Warner Bros. Discovery (WBD) is set to report its second-quarter 2025 results on August 7, with expected revenues of $9.83 billion, reflecting a 1.20% increase year-over-year, and a narrowed loss estimate of 14 cents per share, indicating a 96.56% increase from the previous year [1][8]. Financial Performance - The Zacks Consensus Estimate indicates that WBD has surpassed earnings expectations in one of the last four quarters but missed three times, resulting in a negative average surprise of 659.92% [2]. - The anticipated revenue of $9.83 billion for Q2 2025 is supported by strong performance in the streaming segment, which saw a subscriber growth of 5.3 million and an 8% increase in streaming revenues in Q1 2025 [3][8]. Streaming Segment - The streaming segment is expected to continue its momentum, bolstered by successful releases such as "The Last of Us" and "And Just Like That," along with international expansion and growth in ad-supported offerings [3]. - The Studios segment is projected to rebound due to a major licensing agreement with the streaming division and early success from new content like the Minecraft Movie and Sinners, with the release of Superman further enhancing performance [4]. Linear Networks and Advertising - The Linear Networks segment is facing challenges due to ongoing declines in traditional TV viewership and a tough advertising market, likely leading to a drop in network revenues for the upcoming quarter [5]. - Advertising performance is expected to decline by 2% year-over-year, influenced by the absence of major sports events like the Final Four, despite some offset from the Stanley Cup Finals [6]. Earnings Expectations - According to the Zacks model, WBD currently has an Earnings ESP of -47.89% and a Zacks Rank of 3, indicating a lower likelihood of an earnings beat [7].

Group 1: Earnings Reports Overview - Palantir has secured a $10 billion Army contract and is expected to report strong quarterly results, with predictions of a "total blowout" due to strong business performance [2] - Berkshire Hathaway's upcoming earnings report is anticipated to be different under Greg Abel's leadership, with expectations of a potential stock price increase if results are favorable [1] - DuPont's breakup is on track, with expectations that the individual parts will be valued higher than the whole [3] Group 2: Sector Insights - Caterpillar is expected to post strong results, benefiting from domestic infrastructure and reshoring trends [3] - Eli Lilly's performance will be closely watched, especially in light of competitor Novo Nordisk's disappointing quarter, raising questions about market share dynamics in the GLP-1 drug sector [5] - Disney's shares have been climbing, with positive remarks on its streaming, theme park, and cruise line segments [4] Group 3: Other Companies to Watch - McDonald's is viewed as a buy due to recent improvements and new offerings [4] - Warner Bros Discovery is undergoing reorganization and debt reduction, with anticipation around its earnings report [6] - Pinterest is expected to deliver solid results, being recognized as a family-friendly advertising platform [6]

(Photo by Amy T. Zielinski/Getty Images) Getty Images And the cuts keep comin' in Hollywood, this time, again, at Warner Bros. Discovery, which is shaving 10% of its motion picture group staff despite a string of recent hit films including The Minecraft Movie, Sinners and Superman, as the unit positions itself as a "fully global structure." Original horror film Sinners, with Michael B. Jackson in a dual role, was another big hit, generating $366 million. The latest take on one of Warner's most treasured fra ...

据美媒Variety：华纳兄弟探索公司(WBD.O)裁减电影部门10%的员工。 ...

Group 1 - Warner Bros. Discovery is separating into two new companies: Warner Bros. and Discovery Global [1][2] - Warner Bros. will encompass Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, HBO Max, and Warner Bros. Gaming Studios, along with their film and television libraries [1] - Discovery Global will include CNN, TNT Sports, Discovery, free-to-air channels in Europe, the Discovery+ streaming service, and Bleacher Report [2] Group 2 - David Zaslav will continue as President and CEO of Warner Bros. [2] - Key leadership appointments include Pam Abdy and Mike De Luca as co-chairs and CEOs of Warner Bros. Motion Picture Group, and Casey Bloys as chairman and CEO of HBO and HBO Max [3][4] - Other notable appointments include Bruce Campbell as Chief Operating Officer and James Gunn and Peter Safran as co-chairmen and CEOs of DC Studios [3][4] Group 3 - Gunnar Wiedenfels will serve as President and CEO of the new TV group, with Luis Silberwasser as Chairman and CEO of TNT Sports and Mark Thompson as Chairman and CEO of CNN Worldwide [4] - Gerhard Zeiler will be President for the US, UK & Germany, Discovery+ and Chief Content Officer [4] - Additional appointments include Scott Miller as President of Distribution and various other leadership roles across the organization [5]

Core Viewpoint - Warner Bros. Discovery announced the separation of its business into two distinct entities: Warner Bros. and Discovery Global, set to take place in mid-2026, with a focus on leveraging their extensive content libraries and global reach [1][2]. Group 1: Corporate Structure and Leadership - Warner Bros. will encompass Warner Bros. Television, Warner Bros. Motion Picture Group, DC Studios, HBO, HBO Max, and Warner Bros. Gaming Studios, preserving over a century of storytelling legacy [1]. - Discovery Global will include major brands like CNN, TNT Sports, and Discovery+, reaching 1.1 billion unique viewers in 200 countries and territories [1][3]. - David Zaslav will continue as President and CEO of Warner Bros., while Gunnar Wiedenfels will lead Discovery Global as President and CEO [2][3]. Group 2: Strategic Vision and Growth - Zaslav emphasized the commitment to delivering culture-defining stories and characters, aiming to restore the studios to an industry-leading position [2]. - The leadership team is focused on operational execution and strategic investments to enhance content delivery to global audiences [5]. - Warner Bros. is actively searching for a Chief Financial Officer and Chief People & Culture Officer, while Discovery Global seeks a Chief Communications & Public Affairs Officer [5]. Group 3: Executive Team Composition - The executive team for Warner Bros. includes notable figures such as Pam Abdy (Co-Chair and CEO, Warner Bros. Motion Picture Group) and Casey Bloys (Chairman and CEO, HBO and HBO Max) [3][4]. - Discovery Global's leadership features executives like Mark Thompson (Chairman and CEO, CNN Worldwide) and Luis Silberwasser (Chairman and CEO, TNT Sports) [4][5]. - The diverse backgrounds of the leadership team are expected to drive the strategic direction and operational success of both entities [5].

Group 1 - Warner Bros. Discovery's stock increased by 1.43% to $13.50, outperforming the S&P 500 which gained 0.07% [1] - Over the past month, shares of Warner Bros. Discovery rose by 22.45%, significantly surpassing the Consumer Discretionary sector's gain of 4.6% and the S&P 500's gain of 5.71% [1] Group 2 - The upcoming earnings release for Warner Bros. Discovery is scheduled for August 7, 2025, with projected EPS of -$0.15, indicating a 96.31% increase year-over-year [2] - The Zacks Consensus Estimate for revenue is $9.78 billion, reflecting a 0.69% increase from the previous year [2] Group 3 - For the full year, analysts expect earnings of -$0.04 per share and revenue of $37.84 billion, representing changes of +99.13% and -3.78% respectively from last year [3] Group 4 - Recent changes to analyst estimates for Warner Bros. Discovery are crucial for investors, as they indicate the evolving nature of near-term business trends [4] - Upbeat revisions in estimates suggest a favorable outlook on the company's health and profitability [4] Group 5 - Research indicates that estimate revisions correlate with near-term share price momentum, which is utilized in the Zacks Rank model [5] Group 6 - The Zacks Rank system, ranging from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks averaging a 25% annual return since 1988 [6] - The Zacks Consensus EPS estimate for Warner Bros. Discovery has decreased by 47.12% in the past month, and the company currently holds a Zacks Rank of 3 (Hold) [6] Group 7 - The Broadcast Radio and Television industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 170, placing it in the bottom 32% of over 250 industries [7] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]

Core Viewpoint - Warner Bros. Discovery Inc. (WBD) achieved a new 52-week high in stock price, reflecting strong trading activity and positive market sentiment towards its strategic restructuring efforts [2][4]. Group 1: Stock Performance - Warner Bros. Discovery Inc. closed at $13.50, with a gain of 1.43% on heavy trading volume of approximately 125 million shares, more than double its average of 54 million shares [2]. - The stock reached an intraday high of $13.68, marking its 52-week high before settling near closing levels [2]. - The company's stock performance outperformed broader market indices, with the S&P 500 gaining just 0.07% and the Nasdaq Composite rising 0.18% [3]. Group 2: Strategic Initiatives - The rise in stock price builds on momentum from the company's mid-June announcement to spin off its Streaming & Studios and Global Networks divisions, indicating a strategic restructuring plan that is progressing steadily [2]. - The elevated trading volume and technical positioning above key moving averages signal robust intermediate-term momentum, reflecting sustained institutional interest in the company's corporate restructuring initiatives [4]. - Warner Bros. Discovery is positioning itself favorably amid evolving media landscape dynamics, particularly with its expanding international streaming footprint [4].