Warner Bros. Discovery, Inc. (WBD) on Wednesday reported first-quarter results with losses widening significantly from last year, as higher expenses and a major one-time charge weighed on performance.
The company posted total revenues of $8.89 billion for the three months ended March 31, 2026, slightly down from $8.97 billion a year earlier. Net loss widened sharply to $2.92 billion from $453 million in the prior-year quarter.
Operating loss came in at $2.469 billion compared with a loss of $37 million last year, driven by total costs and expenses rising to $11.36 billion from $9.,016 billion.
The increase was largely due to a $2.80 billion Netflix termination fee, along with higher selling, general and administrative expenses of $2.47 billion.
Loss per share widened to $1.17 from $0.18 per share a year earlier, reflecting the significant increase in net loss.
WBD is currently trading after hours at $27.18, down $0.02 or 0.07 percent on the Nasdaq.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.