WBD Earnings Date: Nov 5, 2026 (Estimated) — Warner Bros. Discovery, Inc.
NASDAQ · Communication Services · Entertainment
Updated
When is WBD's next earnings date?
Warner Bros. Discovery, Inc. (WBD) is expected to report Q3 2026 earnings on Thursday, November 5, 2026 at 7:00 AM ET (before market open); the date is an estimate and has not been confirmed by the company. The consensus estimate is EPS of -$0.04 on revenue of $8.74B.
How did WBD do in its last earnings report?
In its most recent report on Aug 6, 2026 (Q2 2026), Warner Bros. Discovery, Inc. posted EPS of $0.06 versus the -$0.14 estimate, a beat of 166.7%. Revenue was $8.72B against a $9.25B estimate. The stock's 1-day post-earnings move was +1.7%.
How much does WBD stock move after earnings?
WBD beat EPS estimates in 4 of its last 8 reported quarters. Over the last 8 reports the stock moved an average of 4.1% (up or down) in the day after earnings.
About Warner Bros. Discovery, Inc.
Warner Bros. Discovery, Inc. operates as a prominent global media and entertainment conglomerate. Its operations are structured across three key divisions: Studios, Network, and Direct-to-Consumer (DTC). The Studios segment is responsible for the creation and theatrical release of feature films. It also develops and licenses television programming, serving both its internal network infrastructure and external partners, including direct-to-consumer platforms. Further, this segment manages the distribution of its film and television catalog to various third-party outlets and its proprietary television channels. Additionally, it encompasses streaming services, home entertainment distribution, licensing for themed attractions, and the creation of interactive games. The Network division oversees a comprehensive portfolio of television channels, both domestically and internationally. Its Direct-to-Consumer (DTC) segment focuses on delivering premium subscription television and streaming content directly to consumers. Beyond its operational structure, Warner Bros. Discovery commands an extensive intellectual property portfolio. This encompasses a vast array of iconic content, brands, and franchises spanning television, film, streaming, and gaming. Noteworthy examples include properties from the Warner Bros. Motion Picture Group and Television Group, DC, HBO, Max, Discovery Channel, CNN, HGTV, Food Network, TNT Sports, TBS, TLC, OWN, Warner Bros. Games, as well as beloved sagas like Batman, Superman, Wonder Woman, Harry Potter, Looney Tunes, Hanna-Barbera, Game of Thrones, and The Lord of the Rings. The company distributes its content through a multitude of channels, ranging from traditional linear, free-to-air, and broadcast television to authenticated digital applications, various digital distribution partnerships, content licensing agreements, and proprietary direct-to-consumer subscription offerings. Established in 2008, Warner Bros. Discovery, Inc. maintains its corporate headquarters in New York City.
Earnings History
| Date | Period | EPS Est. | EPS Act. | Surprise | Revenue | Result | 1D Δ | 1W Δ | 1M Δ |
|---|---|---|---|---|---|---|---|---|---|
| 2026-08-06 | Q2 2026 | -0.14 | 0.06 | +166.67% | $8.72B | ✅ Beat | +1.66% | +6.47% | +9.24% |
| 2026-05-06 | Q1 2026 | -0.10 | -0.05 | +54.00% | $8.89B | ✅ Beat | -0.29% | +0.18% | -3.53% |
| 2026-02-26 | Q4 2025 | 0.03 | -0.10 | -433.33% | $9.46B | ❌ Miss | -0.35% | -3.29% | -6.33% |
| 2025-11-06 | Q3 2025 | -0.04 | -0.06 | -50.00% | $9.04B | ❌ Miss | -1.49% | -2.50% | +14.59% |
| 2025-08-07 | Q2 2025 | -0.19 | -0.14 | +26.32% | $9.81B | ✅ Beat | -7.27% | -5.79% | -5.32% |
| 2025-05-08 | Q1 2025 | -0.13 | -0.18 | -38.46% | $8.98B | ❌ Miss | +5.26% | +7.59% | +14.72% |
| 2025-02-27 | Q4 2024 | 0.01 | -0.20 | — | $10.03B | ❌ Miss | +4.76% | +8.86% | +4.86% |
| 2024-11-07 | Q3 2024 | -0.09 | 0.05 | +155.56% | $9.62B | ✅ Beat | +11.81% | +15.99% | +27.21% |
Showing last 8 quarters.
Revenue by segment & region
By segment
Q2 FY26 · $8.72B total
| Segment | Share | Revenue | YoY | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 |
|---|---|---|---|---|---|---|---|
| Distribution Revenue | 56.8% | $4.95B | +1.3% | $4.92B | $4.92B | $4.89B | $4.88B |
| Content Licensing Contracts | 21.0% | $1.83B | -26.0% | $2.72B | $2.91B | $1.87B | $2.47B |
| Advertising | 19.8% | $1.72B | -22.2% | $1.68B | $1.83B | $1.98B | $2.22B |
| Service, Other | 2.5% | $215.0M | -10.4% | $300.0M | $371.0M | $247.0M | $240.0M |
By region
FY2024 · $39.32B total · annual
| Segment | Share | Revenue | YoY | FY2018 | FY2019 | FY2020 | FY2021 |
|---|---|---|---|---|---|---|---|
| UNITED STATES | 67.2% | $26.43B | -5.6% | $6.42B | $7.15B | $7.03B | $7.73B |
| Non-US | 32.8% | $12.89B | -3.2% | $4.14B | $3.99B | $3.65B | $4.46B |
Source: company filings via FMP. YoY compares the same fiscal period a year earlier.