Warner Bros. Discovery (WBD) to Release Earnings on Thursday

Warner Bros. Discovery (NASDAQ:WBD) is expected to be announcing its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of ($0.13) per share and revenue of $9.2366 billion for the quarter. Individuals can check the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, August 6, 2026 at 8:00 AM ET.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The firm had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.18) EPS. On average, analysts expect Warner Bros. Discovery to post $-1 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Warner Bros. Discovery Stock Down 1.1%

Shares of WBD opened at $25.79 on Wednesday. Warner Bros. Discovery has a 1 year low of $10.76 and a 1 year high of $30.00. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a 50 day simple moving average of $26.53 and a two-hundred day simple moving average of $27.24. The firm has a market cap of $64.66 billion, a P/E ratio of -36.84 and a beta of 1.55.

Key Warner Bros. Discovery News

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Paramount CEO David Ellison said the company is “absolutely open” to settling the antitrust lawsuit while expressing confidence that Paramount would prevail at trial. A settlement could remove a major obstacle to the proposed merger. David Ellison Says Paramount Is Absolutely Open To Settling WBD Antitrust Suit
• Positive Sentiment: The deal’s termination-fee structure could provide downside protection for WBD shareholders if the transaction fails. One report estimated Paramount’s financial backers could owe more than $1 billion in ticking fees based on the trial schedule, in addition to a reported $7 billion reverse termination fee. David Ellison’s Paramount Would Owe More Than $1 Billion to WBD Shareholders
• Neutral Sentiment: A federal judge scheduled the antitrust trial for March 2, 2027, with the proceedings expected to last about 12 court days. The date establishes a legal timeline but leaves the merger—and related deal benefits—on hold for an extended period. Antitrust Trial Over Paramount-Warner Merger Set for March
• Negative Sentiment: The proposed $81 billion Paramount-WBD merger faces a lawsuit from 12 states alleging antitrust concerns. The legal challenge raises the risk of delay, revised deal terms, or termination, increasing volatility for WBD investors. Warner Bros. and Paramount Merger Trial Sets Start and End Dates
• Negative Sentiment: Investor attention is also turning to WBD’s upcoming second-quarter report. Analysts expect pressure from NBA advertising losses, continued linear-television declines and merger-related costs, although HBO Max content and streaming growth may provide an offset. WBD Set to Report Q2 Earnings

Institutional Investors Weigh In On Warner Bros. Discovery

A number of large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Warner Bros. Discovery by 304.9% in the fourth quarter. Brighton Jones LLC now owns 68,950 shares of the company’s stock worth $729,000 after purchasing an additional 51,920 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Warner Bros. Discovery by 50.5% during the 1st quarter. NewEdge Advisors LLC now owns 63,254 shares of the company’s stock valued at $679,000 after purchasing an additional 21,228 shares during the period. Empowered Funds LLC raised its position in Warner Bros. Discovery by 6.2% during the 1st quarter. Empowered Funds LLC now owns 65,082 shares of the company’s stock valued at $698,000 after purchasing an additional 3,779 shares during the last quarter. Focus Partners Wealth lifted its holdings in Warner Bros. Discovery by 91.6% in the 1st quarter. Focus Partners Wealth now owns 116,821 shares of the company’s stock worth $1,254,000 after buying an additional 55,837 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Warner Bros. Discovery by 3.8% in the 2nd quarter. Baird Financial Group Inc. now owns 111,450 shares of the company’s stock worth $1,277,000 after buying an additional 4,062 shares during the period. Institutional investors own 59.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on WBD shares. Weiss Ratings lowered shares of Warner Bros. Discovery from a “hold (c-)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Huber Research upgraded shares of Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research report on Monday, June 1st. UBS Group boosted their price target on shares of Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Seaport Research Partners lowered shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a research report on Monday, July 27th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.04.

Warner Bros. Discovery Company Profile

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.