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WBD Reports $148M Loss Amid Revenue Declines and Restructuring

11/6/2025

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Summary

Story summary

Warner Bros. Discovery (WBD) reported a net loss of $148 million and a 6% revenue decline to $9.05 billion in Q3 2025, influenced by last year's Olympics and restructuring costs.
The studio segment grew, with revenue increasing 8% to $5.28 billion, while streaming profit rose 19% to $345 million, fueled by successful titles like "Superman."
The linear networks business faced challenges, with revenue dropping 22% to $3.9 billion.
WBD is considering sales and restructuring options, targeting a split into Warner Bros. and Discovery Global by April 2026.

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Story summary

Warner Bros. Discovery (WBD) reported a net loss of $148 million and a 6% revenue decline to $9.05 billion in Q3 2025, influenced by last year's Olympics and restructuring costs.
The studio segment grew, with revenue increasing 8% to $5.28 billion, while streaming profit rose 19% to $345 million, fueled by successful titles like "Superman."
The linear networks business faced challenges, with revenue dropping 22% to $3.9 billion.
WBD is considering sales and restructuring options, targeting a split into Warner Bros. and Discovery Global by April 2026.