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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Warner Bros. Discovery (WBD) is 4/10.
Warner Bros. Discovery meaningfully exceeded the 140 million subscriber guidance, raising the year-end target to 150 million+ as HBO Max European expansion required heavy investment. Total revenue declined modestly as cord-cutting headwinds continued offsetting a 16% sequential improvement in general entertainment delivery trends versus Q4. The Paramount Skydance acquisition was approved while streaming profitability improved, though the company remained loss-making overall as the content renaissance and creative excellence drove cultural relevance.
Scored from Warner Bros. Discovery’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $10.03B | -2.5% | $-0.20 | -25.0% | 1.6% | -4.9% | $2.43B |
| FY2025 Q1 | $8.98B | -9.8% | $-0.18 | +55.0% | -0.4% | -5.0% | $302M |
| FY2025 Q2 | $9.81B | +1.0% | $0.63 | +115.5% | -1.9% | 16.1% |
| $702M |
| FY2025 Q3 | $9.04B | -6.0% | $-0.06 | -209.7% | 6.8% | -1.6% | $701M |
| FY2025 Q4 | $9.46B | -5.7% | $-0.10 | +50.0% | 5.7% | -2.7% | $1.38B |
| FY2026 Q1 | $8.89B | -1.0% | $-1.17 | -550.0% | 6.2% | -32.8% | $-476M |
| FY2026 Q2 | $8.72B | -11.2% | $0.06 | -90.5% | 2.7% | 1.7% | $572M |