Warner Bros. Discovery (WBD) Projected to Release Quarterly Earnings on Thursday

Warner Bros. Discovery (NASDAQ:WBD) will likely be posting its Q2 2026 results before the market opens on Thursday, August 6th. Analysts expect the company to announce earnings of ($0.13) per share and revenue of $9.2366 billion for the quarter. Parties can find conference call details on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, August 6, 2026 at 8:00 AM ET.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($1.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($1.07). The firm had revenue of $8.89 billion during the quarter, compared to analysts’ expectations of $8.89 billion. Warner Bros. Discovery had a negative net margin of 4.67% and a negative return on equity of 4.77%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.18) earnings per share. On average, analysts expect Warner Bros. Discovery to post $-1 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

Warner Bros. Discovery Stock Performance

Warner Bros. Discovery stock traded up $0.01 during trading hours on Tuesday, reaching $26.11. 2,653,989 shares of the stock were exchanged, compared to its average volume of 23,123,523. Warner Bros. Discovery has a 52-week low of $10.76 and a 52-week high of $30.00. The stock has a market cap of $65.45 billion, a P/E ratio of -37.32 and a beta of 1.54. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50 day moving average is $26.55 and its 200 day moving average is $27.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Duquesne Family Office LLC acquired a new stake in shares of Warner Bros. Discovery in the second quarter worth approximately $74,916,000. Amundi increased its position in Warner Bros. Discovery by 59.6% during the third quarter. Amundi now owns 15,523,538 shares of the company’s stock worth $296,189,000 after purchasing an additional 5,798,592 shares during the last quarter. Marshall Wace LLP purchased a new position in Warner Bros. Discovery during the third quarter worth approximately $100,135,000. Bank of Nova Scotia raised its stake in Warner Bros. Discovery by 1,329.6% during the fourth quarter. Bank of Nova Scotia now owns 4,259,926 shares of the company’s stock worth $122,771,000 after purchasing an additional 3,961,944 shares during the period. Finally, Man Group plc boosted its holdings in shares of Warner Bros. Discovery by 1,291.0% in the 2nd quarter. Man Group plc now owns 2,897,381 shares of the company’s stock valued at $33,204,000 after purchasing an additional 2,689,091 shares during the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WBD shares. Seaport Research Partners cut shares of Warner Bros. Discovery from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. UBS Group lifted their price objective on Warner Bros. Discovery from $30.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research cut Warner Bros. Discovery from a “hold” rating to a “strong sell” rating in a research report on Monday, July 27th. KeyCorp reissued an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th. Finally, Guggenheim reissued a “neutral” rating on shares of Warner Bros. Discovery in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $27.04.

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.