Revenue Decline
Total revenue fell 1.0% YoY to $8.893B in Q1 FY2026 from $8.979B in Q1 FY2025, reflecting continued headwinds across WBD's media and entertainment segments.
Warner Bros. Discovery, Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: WBD reported a steep Q1 FY2026 loss with net income plunging to -$2.916B (vs. -$453M a year ago), driven by a massive operating loss of -$2.469B, negative operating cash flow, and a current ratio below 1, underscoring significant near-term financial pressure.
Drawn from management commentary in the Q1 2026 10-Q:
Total revenue fell 1.0% YoY to $8.893B in Q1 FY2026 from $8.979B in Q1 FY2025, reflecting continued headwinds across WBD's media and entertainment segments.
Operating income collapsed to -$2.469B from -$37M a year ago, a deterioration of over 6,500%, suggesting significant impairment charges, restructuring costs, or elevated content write-downs embedded in the quarter.
SG&A expenses rose 12.8% YoY to $2.475B, indicating that overhead and administrative costs are growing faster than revenue, compressing margins further.
Revenue
$8.89B
-0.96% YoY
EPS (Basic)
$-1.17
-550.00% YoY
Operating Income
$-2.47B
-6572.97% YoY
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