Warner Bros. Discovery Considers Major Changes Amid Quarterly Loss
Nov 6, 2025
Warner Bros. Discovery announced it is actively exploring strategic options for its business, including selling parts or all of the company or splitting into two separate entities. The company aims to make an announcement about its future plans by Christmas. This review follows unsolicited takeover offers and ongoing challenges in its traditional cable TV business.
For the third quarter of 2025, Warner Bros. Discovery reported a 6% drop in revenue compared to a year ago, bringing in $9.05 billion. This was below Wall Street expectations. The company posted a bigger than expected loss, mainly due to declining television revenue and slow growth in its streaming business. However, strong box office results from movies like Superman and The Conjuring: Last Rites helped boost studio revenue by 24%.
Shares of Warner Bros. Discovery rose slightly after the earnings report, even as the company continues to face pressure from a shrinking television market. The company is considering a spinoff of its television division as early as next year and is moving quickly to respond to market conditions and interest from potential buyers.
Why is Warner Bros. Discovery considering a sale or split?
The company is facing declining revenue from its traditional TV business and slow growth in streaming, prompting it to review its long-term strategy.
When will the company make a decision about its future?
Warner Bros. Discovery aims to announce its decision by Christmas.
How did Warner Bros. Discovery perform financially in the last quarter?
The company reported a 6% drop in revenue compared to last year and posted a bigger loss than expected, mainly due to weak TV and streaming results.
What is boosting Warner Bros. Discovery’s revenue?
Strong performances from its film studios, especially movies like Superman and The Conjuring: Last Rites, helped increase studio revenue.
Sources
WBD targets Christmas deadline for announcing a sale or split, leaving Paramount...
CNBC
CNBC
Warner Bros. Discovery said last month it would explore strategic options for the company after receiving unsolicited takeover offers.
Warner Bros. Discovery targets Christmas deadline for announcing a sale or a spl...
CNBC Television
CNBC Television
CNBC's Alex Sherman reports on news regarding Warner Bros. Discovery.
Warner Bros. Continues to Evaluate Options Amid Swing to Quarterly Loss
WSJ
WSJ
Warner Bros. Discovery said it remains on track to split itself into two companies by mid-2026, and that it is continuing to evaluate a broad range of strategic alternatives for the business, including the sale of some or all of its entertainment holdings.
Drag from Warner Bros. Discovery TV business makes strong argument for sale or s...
Market Watch
Market Watch
Warner Bros. Discovery CEO David Zaslav says the company is seriously reviewing merger offers while continuing to plan for a spinoff of its television unit next year.
Warner Bros. Discovery (WBD) Reports Q3 Earnings: What Key Metrics Have to Say
Zacks Investment Research
Zacks Investment Research
The headline numbers for Warner Bros. Discovery (WBD) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Warner Bros Discovery Q3 earnings beat, revenue misses on weak streaming growth
Proactive Investors
Proactive Investors
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, ...
Warner Discovery Moving Fast on Split or Sale, CEO Says
WSJ
WSJ
Chief Executive David Zaslav said the company's exploration of a possible sale of some or all of its holdings is briskly moving ahead.
Warner Bros. Discovery stock rise even as TV revenue slump drives quarterly loss
Invezz
Invezz
Warner Bros. Discovery Inc. shares gained slightly on Thursday after the entertainment conglomerate reported another quarterly loss, pressured by sharp declines in its traditional television business despite solid performances from its film studios and streaming units.
Warner Bros Discovery posts bigger-than-expected loss ahead of potential sale or...
Reuters
Reuters
Warner Bros Discovery posted a bigger-than-expected quarterly loss on Thursday, as lackluster growth in its streaming unit and ongoing declines in its cable TV business eclipsed a strong showing from the media giant's studio.
Warner Bros. Discovery, Inc. (WBD) Q3 2025 Earnings Call Transcript
Seeking Alpha
Seeking Alpha
Warner Bros. Discovery, Inc. ( WBD ) Q3 2025 Earnings Call November 6, 2025 8:00 AM EST Company Participants Andrew Slabin - Executive Vice President of Global Investor Strategy David Zaslav - President, CEO & Director Gunnar Wiedenfels - Senior VP Jean-Briac Perrette - President and CEO of Global S...
Warner Bros. Discovery Q3 2025 Earnings Reveal Why Buyers Are Circling
Seeking Alpha
Seeking Alpha
Ex one-time revenue charges, Warner Bros. Discovery, Inc.'s Q3 2025 results have reinforced its strategic appeal, especially given continued strength in Streaming share gains and monetization through robust ad-supported growth. The company's balance sheet is also making progress as FCF accretion exp...
Exclusive: Comcast hires bankers to explore bid for Warner Bros Discovery
Reuters
Reuters
Comcast has retained financial advisors and gained access to financial information as it explores a bid for Warner Bros Discovery's studio and streaming businesses, according to four sources familiar with the matter.
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