Warner Bros. Discovery Stumbles In Q2 As ‘Supergirl,' Lack Of NBA Drag Down Results

An aerial view of the Warner Bros. studio lot in Burbank, CA Justin Sullivan/Getty Images Warner Bros. Discovery fell short of Wall Street expectations in the second quarter, as Supergirl and the lack of the NBA dragged total revenue down 11% to $8.7 billion. Analysts had projected $9.2 billion in revenue. Diluted earnings per share of 6 cents topped estimates of a loss of 10 cents a share. The company reported the quarterly financials with its $110 billion merger with Paramount in legal limbo. The attorneys general of 12 states, as well as the Writers Guild of America, have filed a lawsuit seeking to block the deal on antitrust grounds. A trial has been scheduled for March 2027. Streaming proved a bright spot, with total revenue up 10% to $3.1B and EBITDA jumping 75% to $512 million. Flagship streamer HBO Max, which has recently expanded to key international territories, was paced by titles like Euphoria , House of the Dragon , Hacks and The Pitt . Related Stories Legal Judge Dismisses Consumer Lawsuit Challenging Paramount-Warner Bros. Discovery Merger