WBD - Warner Bros. Discovery, Inc.
Contravisory Investment Management Inc. lowered its holdings in Warner Bros. Discovery, Inc. (NASDAQ: WBD) by 77.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,459 shares of the company's stock after selling 22,177 shares during the quarter. Contravisory Investment Management Inc.'s
Warner Bros. Discovery's Q2 earnings beat estimates as streaming growth and margin gains offset steep weakness in Studios and Global Linear Networks.
Despite clearing federal scrutiny, the proposed merger between Paramount Skydance (PSKY) and Warner Bros. Discovery (WBD) still faces challenges from state regulators.
David Ellison's bid to merge PSKY with Warner Bros. Discovery is now being challenged on antitrust grounds.
Warner Bros. Discovery NASDAQ: WBD said its streaming segment surpassed $3 billion in quarterly revenue for the first time in the second quarter of 2026, as HBO Max benefited from subscriber growth, engagement and advertising monetization.
Warner Bros. Discovery faces a tough outlook due to weak fundamentals and merger uncertainty. The media company reported Q2'26 saw an 11.3% revenue decline, with content and advertising revenues sharply down, despite modest EPS and EBITDA resilience. The Paramount merger is stalled by regulatory lawsuits, offering ~17% upside if closed but exposing investors to significant downside risk.
Paramount's antitrust commitments in the UK to secure approval for its $111 billion Warner Bros. Discovery deal strengthens the hand of the 12 state attorneys general suing to block the merger.
Lionsgate CEO Jon Feltheimer went to bat Thursday for Paramount CEO David Ellison and the company's hung-up merger with Warner Bros. Discovery.
Streaming Segment Revenue: Exceeded $3 billion in Q2 2026, a first for the company.Streaming Subscriber-Related Revenue Growth: Accelerated 200 basis points seq
Paramount's assurances for editorial independence from its news networks come after CEO David Ellison wrote in an op-ed for The New York Times that scrutiny of his firm's deal for Warner Bros. had focused on “whether I can be trusted as a steward of Warner's CNN.
"We have cleared this deal as it does not raise competition concerns in the UK. The evidence shows that, after the merger, Paramount will continue to face sufficient competition in the various areas it operates in," the Competition and Markets Authority said in a statement.
Warner Bros. Discovery, Inc. (WBD) Q2 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Warner Bros. Discovery (WBD) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Warner Bros. Discovery Inc. reported a drop in sales due to the loss of a deal to carry National Basketball Association games and its summer movie lineup has not performed well.
Warner Bros. Discovery (WBD) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share.
Warner Bros. Discovery CEO David Zaslav says staffers are working “extremely hard” and staying focused despite uncertainty about the fate of the company's pending merger with Paramount.
The deal still faces substantial legal challenges in the U.S., where state attorneys general have sued to block the purchase.
Warner Bros. Discovery reported strong revenue growth with HBO Max in its second-quarter earnings Thursday.
LOS ANGELES and NEW YORK, Aug. 6, 2026 /PRNewswire/ -- The United Kingdom Competition and Markets Authority has today formally cleared the acquisition of Warner Bros. Discovery, Inc. (NASDAQ: WBD) ("WBD") by Paramount Skydance Corporation (NASDAQ: PSKY) ("Paramount"), representing an important milestone in completing the transaction.
Warner Bros. Discovery narrowed its profit in the second quarter, hurt by a large charge, as revenue fell.