Warner Bros. Discovery Q2 Profit Slumps on NBA Ads, Movie Schedule, Write-Downs

By Brian Steinberg

Brian Steinberg

Senior TV Editor

Latest

• Versant Sees Q2 Profit Fall on Revenue Declines, Despite Ad-Sales Improvements 58 minutes ago
• Warner Bros. Discovery Q2 Profit Slumps on NBA Ads, Movie Schedule, Write-Downs 58 minutes ago
• Disney Says Commercials for Super Bowl LXI Have Sold Out 23 hours ago

Warner Bros. Discovery has a great story to tell about its streaming business –if only its other operations didn’t get in the way.

The parent of HBO, TNT and the Warner Bros. movie studio said net income in the second quarter fell significantly as growth at its new-tech streaming operations was more than offset by the continued erosion of its cable-TV networks and a weaker studio lineup than in the year-earlier period. TV ad sales fell 22% due to Warner’s loss of NBA games after the 2025 season, and TV distribution revenue fell due in part to a 10% decrease in the number of subscribers to its networks.

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