Warner Bros. Discovery, Inc. -
WBD
Jodie read · what matters now
Revenue decreased 1.0% versus the comparable filing period.
The story is only the start. Jodie keeps watching the filing evidence, the companies connected to WBD, and whether its market group begins moving.
Latest filing assessment · baseline
The latest filing shows material pressure
10-Q filed 2026-05-06 against the comparable filing from 2025-05-08.
What improved
No thresholded improvement was identified.
What weakened
- Revenue decreased 1.0% versus the comparable filing period.
- The operating loss widened by 2.4B.
- Operating cash flow remained negative at -208.0M.
Filing receipts
“The increase in theatrical content expense was primarily due to higher film costs commensurate with higher theatrical product revenue and higher film impairments.”
“The decrease in games content expense was primarily due to lower games content expense commensurate with lower games revenue.”
“The increase in theatrical product revenue was primarily due to higher intercompany content licensing driven by the launch of HBO Max in international markets.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Who this business touches
The relationships behind WBD
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
Depended on by
Filing peers
Companies whose filings use similar operating language.
You can see the shape of the network here. Pro opens 2 more links, the original filing receipts, and alerts when connected names begin moving. See Pro →
What is moving around it
Live connections
WBD is currently a Leader in the organic co-movement group Streaming Entertainment. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for WBD; it is not active in the latest market snapshot.
Theme membership history
No durable theme membership has been observed for this name yet.