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Warner Bros. Discovery (NASDAQ:WBD) executives highlighted subscriber growth at HBO Max, continued momentum at the company’s studios, and improving trends across linear networks during the company’s first-quarter 2026 earnings call. Management also noted that it would not take questions about the pr
Global entertainment and media company Warner Bros. Discovery (NASDAQ:WBD) met Wall Street’s revenue expectations in Q1 CY2026, but sales were flat year on year at $8.89 billion. Its GAAP loss of $1.17 per share was significantly below analysts’ consensus estimates.
The media and entertainment company’s huge loss came after recording a $2.8 billion termination fee that was triggered when Paramount Skydance beat out Netflix to acquire Warner.
The headline numbers for Warner Bros. Discovery (WBD) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Media companies across the board are seeing a fundamental change in how customers watch TV. Disney has found a way to capitalize on it.