Warner Bros. Discovery Inc Ordinary Shares - Class A

WBD: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Warner Bros. Discovery Earnings: Mostly Typical Results as Firm Awaits Paramount Acquisition

Matthew Dolgin

May 7, 2026

Excluding a currency tailwind, Warner Bros. Discovery's first-quarter revenue dropped 3% year over year, while adjusted EBITDA was flat. Rapid streaming growth was offset by the ongoing decline in linear networks, though networks performance was encouraging, considering the loss of NBA rights.

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Warner Bros. Discovery Inc Ordinary Shares - Class A

Warner Bros. Discovery Earnings: Mostly Typical Results as Firm Awaits Paramount Acquisition

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