Warner Brothers Discovery will separate back into two independent, publicly traded companies by mid-2026. Chief Financial Officer Gunnar Wiedenfels noted a short-term financial hit for future value. In the latest quarter, total revenue reached $9.8 billion, marking a 1% year-over-year increase. This growth is chiefly due to a 16% rise in content revenue, bolstered by five films surpassing $45 million in domestic box office. Streaming revenue increased to $2.8 billion, up 8%, while overall advertising revenue dropped 10%, driven by declining domestic linear audiences.
Warner Brothers Discovery will separate back into two independent, publicly traded companies by mid-2026. The separation follows a merging process that began in 2022.
Total revenue for WBD was $9.8 billion, showing a 1% year-over-year increase. The modest rise is attributed to content revenue growth rather than advertising.
Content revenue surged by 16%, primarily driven by strong performances at the box office. Warner Brothers opened five films exceeding $45 million in domestic box office.
Streaming revenue also saw a rise, now reaching $2.8 billion, reflecting an 8% increase from last year, while advertising revenue continues to decline due to reduced linear audiences.
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