Warner Bros. Discovery would like you to focus on its second quarter 2026 streaming revenue — up 9 percent to $3.1 billion — because the box office was ugly.
Theatrical revenue dropped 46 percent from the comparable quarter last year as Supergirl and The Bride bombed. Making matters worse, their comps were to Q2 2025 hits A Minecraft Movie and Sinners.
WBD’s advertising revenue sunk 22 percent as Turner continues to feel the sting of no NBA. TV/streaming programming highlights in the June quarter included Euphoria, House of the Dragon, The Pitt, and the final season of Hacks.
Wall Street forecast Warner Bros. Discovery would record $9.21 billion in quarterly revenue. Another miss: WBD reported total revenues of $8.717 billion; net income was $100 million.
And yet, Paramount Skydance still wants it.
