Warner Bros. Discovery press release (NASDAQ:WBD): Q2 GAAP EPS of $0.63 beats by $0.86.
Revenue of $9.81B (+1.0% Y/Y) misses by $20M.
Total Adjusted EBITDA(2)(*) was $2.0 billion, a 9% ex-FX increase compared to the prior year quarter, primarily due to growth in the Streaming and Studios segments, partially offset by a decline in the Global Linear Networks segment. •
Cash provided by operating activities was $1.0 billion. Free cash flow(3)(*) was $0.7 billion. Free cash flow was unfavorably impacted by approximately $250 million of separation-related items.
The Company ended the quarter with $4.9 billion of cash on hand, $35.6 billion of gross debt(4)(*), and 3.3x net leverage.(5)(*).
The Company ended the quarter with 125.7 million streaming subscribers(6), an increase of 3.4 million subscribers vs. Q1.
2025 Outlook Warner Bros. Discovery, Inc. (“Warner Bros. Discovery”, “WBD”, the “Company”, “we”, “us”, or “our” ) may provide forward-looking commentary in connection with this earnings announcement on its quarterly earnings conference call. Details on how to access the audio webcast are included below.
