Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) (WBD) on Thursday reported third quarter 2025 revenue that declined 6% year over year to $9.05 billion, falling short of the $9.18 billion Wall Street forecast.
Box office receipts from DC’s Superman, Weapons, and The Conjuring: Last Rites, however, fueled a 24% surge in the company’s studio revenue during the quarter.
WBD also posted a loss of $0.06 per share during the period, which was better than the $0.09 deficit expected.
The company added 2.3 million streaming subscribers in the third quarter, down from 3.4 million in Q2.
On October 21, the company announced that it is open to a potential sale following unsolicited interest from multiple parties.
WBD also plans to separate into two entities, a streaming and studios business and a global networks business, by mid-2026.
Warner Bros Discovery shares edged up 0.1% to $22.78 in early trading on Thursday.