Story perspectives

Warner Bros. Discovery Beats Forecast, Streams Rise, Paramount Merger Sued

8/6/2026

Summary

Story summary

Warner Bros. Discovery reported Q2 revenue of $8.7 billion and EPS of 6 cents versus an expected loss of 10 cents.
Streaming revenue grew 10% to $3.1 billion while studio revenue fell 39% to $2.3 billion.
Advertising revenue dropped 22% to $1.7 billion after the company lost NBA broadcast rights.
The $110 billion Paramount merger is sued by 12 state attorneys general and the Writers Guild, while CEO David Ellison said he is “open” to settlement talks.

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Story summary

Warner Bros. Discovery reported Q2 revenue of $8.7 billion and EPS of 6 cents versus an expected loss of 10 cents.
Streaming revenue grew 10% to $3.1 billion while studio revenue fell 39% to $2.3 billion.
Advertising revenue dropped 22% to $1.7 billion after the company lost NBA broadcast rights.
The $110 billion Paramount merger is sued by 12 state attorneys general and the Writers Guild, while CEO David Ellison said he is “open” to settlement talks.