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Warner Bros (WBD)
NASDAQ:WBD
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Warner Bros (WBD) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 20, 2026
Before Open (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
-0.05
Last Year’s EPS
-0.2
Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 06, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call highlights Warner Bros. Discovery's leadership in the global box office and significant growth in streaming subscribers, alongside a successful Emmy season. However, challenges persist in the linear television segment and ARPU pressures in streaming due to strategic adjustments. Overall, the company's strategic initiatives seem to be paying off, positioning it well for future growth.
Company Guidance
During the Warner Bros. Discovery Third Quarter 2025 Earnings Conference Call, the management presented numerous financial and operational metrics, underscoring the company's strong performance and strategic direction. Warner Bros. Discovery is leading the 2025 box office domestically, internationally, and globally, being the only studio to cross $4 billion in box office revenue this year. The Motion Picture Group's success, with films like Superman, Weapons, and The Conjuring: Last Rites, is part of their strategy to achieve $3 billion in EBITDA. In streaming, HBO Max has expanded to over 100 countries and added more than 30 million new subscribers in three years, contributing over $1.3 billion in EBITDA this year. The service is expected to reach over 150 million subscribers by the end of next year. Furthermore, HBO Max's content, such as The Pitt and The White Lotus, has garnered significant viewership and accolades, including 30 Emmy Awards. The company’s linear networks, despite industry headwinds, continue to be robust cash flow contributors, with a net leverage ratio reduced to 3.3x EBITDA after significant debt repayments. Overall, management expressed confidence in their strategic focus on industry leadership, global streaming expansion, and linear network optimization, with strong future content and financial growth prospects.
Box Office Leadership
Warner Bros. Discovery leads the 2025 box office domestically, internationally, and globally, becoming the only film studio to have crossed $4 billion in 2025 box office revenue.
Streaming Subscriber Growth
HBO Max has expanded to over 100 countries, adding more than 30 million new streaming subscribers in three years. The Streaming segment will contribute more than $1.3 billion in EBITDA this year versus losing $2.5 billion three years ago.
Emmy Success
Warner Bros. Television received 14 Emmy awards, including outstanding drama series for 'The Pitt,' and 9 Emmy wins for 'The Penguin.' HBO was also recognized with 30 Emmy Awards, tied for the most of any network or platform.
Debt Reduction
The company has reduced its net leverage ratio to 3.3x EBITDA, including paying down $1 billion from its bridge loan facility in the third quarter.
Content Expansion
Announced a new Gremlins film for 2027, with Steven Spielberg executive producing and Chris Columbus directing and producing.

Warner Bros (WBD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

WBD Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 20, 2026
2025 (Q4)
-0.05 / -
-0.2
Nov 06, 2025
2025 (Q3)
-0.07 / -0.06
0.05-220.00% (-0.11)
Aug 07, 2025
2025 (Q2)
-0.24 / 0.63
-4.07115.48% (+4.70)
May 08, 2025
2025 (Q1)
-0.17 / -0.18
-0.455.00% (+0.22)
Feb 27, 2025
2024 (Q4)
-0.03 / -0.20
-0.16-25.00% (-0.04)
Nov 07, 2024
2024 (Q3)
-0.11 / 0.05
-0.17129.41% (+0.22)
Aug 07, 2024
2024 (Q2)
-0.26 / -4.07
-0.51-698.04% (-3.56)
May 09, 2024
2024 (Q1)
-0.20 / -0.40
0.12-433.33% (-0.52)
Feb 23, 2024
2023 (Q4)
-0.10 / -0.16
-0.5872.41% (+0.42)
Nov 08, 2023
2023 (Q3)
-0.11 / -0.17
-0.76277.69% (+0.59)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

WBD Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2025
$22.76$22.42-1.49%
Aug 07, 2025
$12.79$11.86-7.27%
May 08, 2025
$8.56$9.01+5.26%
Feb 27, 2025
$10.50$11.00+4.76%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Warner Bros (WBD) report earnings?
Warner Bros (WBD) is schdueled to report earning on Feb 20, 2026, Before Open (Confirmed).
    What is Warner Bros (WBD) earnings time?
    Warner Bros (WBD) earnings time is at Feb 20, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is WBD EPS forecast?
          WBD EPS forecast for the fiscal quarter 2025 (Q4) is -0.05.

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