Short answer
Warner Bros. Discovery (WBD) filed its Q2 2025 10-Q quarterly report on Aug 7, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $9.8B (up 1.0% year over year) with net income of $1.6B.
Q2 2025 key financials · XBRL
- Revenue
- $9.8B
- +1.0% YoY · +9.3% QoQ
- Net income
- $1.6B
- +115.8% YoY · +448.8% QoQ
- Operating margin
- -1.9%
- EPS (diluted)
- $0.63
- +115.4% YoY · +450.0% QoQ
Source: XBRL data from the Warner Bros. Discovery (WBD) Q2 2025 10-Q on SEC EDGAR. USD.
Warner Bros. Discovery Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Uncertainty around proposed Separation completion by mid-2026, triggered by June 2025 announcement of tax-free spin-off plan
- Material update: $17B Bridge Loan Facility with 18-month term, variable interest rate, restrictive covenants limiting operations and increasing financial strain
- Most impactful regulatory risk: Risk of Separation not qualifying as tax-free under IRS rules, potentially causing significant U.S. federal income tax liabilities
- Operational risk: Potential business disruptions and strained relationships during Separation pendency, risking delays and loss of partners or customers
- Financial risk: Bridge Loan Facility requires substantial cash flow for debt service, limiting capital expenditures and operational flexibility through December 2026 or Separation completion
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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