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Warner Bros. Discovery Reports $2.5 Billion Loss Following $2.8 Billion Netflix Merger Termination Fee

WBD10-QFiling Date: 5/6/2026
Warner Bros. Discovery, Inc.
Description

What this story covers

Warner Bros. Discovery’s Q1 2026 report highlights a $2.47 billion operating loss driven by a massive merger termination fee. Despite this, core profitability improved via 35% Studios growth and rising streaming ad revenue, amid persistent 10% linear subscriber declines.

Story snapshot

CompanyWarner Bros. Discovery, Inc.
TickerWBD
VariantStandard detailed
Duration13:36
Filing type10-Q
PeriodQ1 2026
IndustryTelecommunications & Media
Accession0001437107-26-000057
Sources1

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Primary Sources

sec_filing10-QView on SEC.gov →

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