PSKY Merger and Litigation
In February 2026, WBD agreed to be acquired by PSKY for $31/share; stockholders approved the deal, but two lawsuits filed in July 2026 seek to block the merger, and defendants agreed not to close before June 1, 2027.
Warner Bros. Discovery, Inc. is expected to release its Q3 2026 10-Q filing on November 4, 2026, before market open. Last quarter: Warner Bros. Discovery's streaming growth and cost discipline delivered an operating profit turnaround in Q2 FY2026, overshadowed by the uncertain PSKY merger and a 91% net income decline.
EPS Estimate
$0.02
Revenue Estimate
$9.06B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the WBD page.
Drawn from management commentary in the Q2 2026 10-Q:
In February 2026, WBD agreed to be acquired by PSKY for $31/share; stockholders approved the deal, but two lawsuits filed in July 2026 seek to block the merger, and defendants agreed not to close before June 1, 2027.
WBD recorded a $2.8B expense in Q1 2026 after terminating the Netflix merger agreement, paid by PSKY on WBD's behalf, which is reimbursable under certain scenarios if the PSKY merger fails.
Streaming distribution revenue grew 11% ex‑FX, driven by HBO Max global expansion and new distribution deals, partially offset by the impact of a domestic wholesale deal renewal in Q2 2025.
Revenue
$8.72B
-11.16% YoY
EPS (Diluted)
$0.06
-90.48% YoY
Operating Income
$237M
+228.11% YoY
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