For the quarter ended September 2025, Warner Bros. Discovery (WBD) reported revenue of $9.05 billion, down 6% over the same period last year. EPS came in at -$0.06, compared to $0.05 in the year-ago quarter.
The reported revenue represents a surprise of -1.44% over the Zacks Consensus Estimate of $9.18 billion. With the consensus EPS estimate being -$0.04, the EPS surprise was -50%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Warner Bros. Discovery performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Global streaming subscribers: 128 thousand compared to the 127.73 thousand average estimate based on four analysts.
- Total Domestic subscribers: 58 thousand versus 58.05 thousand estimated by four analysts on average.
- Global ARPU: $6.64 compared to the $6.98 average estimate based on four analysts.
- Domestic ARPU: $10.40 versus $10.67 estimated by four analysts on average.
- Revenues- Global Linear Networks: $3.88 billion versus the five-analyst average estimate of $3.95 billion. The reported number represents a year-over-year change of -22.5%.
- Revenues- Studios: $3.32 billion versus $3.18 billion estimated by five analysts on average.
- Revenues- Streaming: $2.63 billion versus $2.74 billion estimated by five analysts on average.
- Revenues- Inter-segment eliminations: $-793 million compared to the $-764.2 million average estimate based on four analysts. The reported number represents a change of +12.5% year over year.
- Revenues- Content: $2.65 billion compared to the $2.77 billion average estimate based on four analysts.
- Revenues- Distribution: $4.7 billion versus the four-analyst average estimate of $4.81 billion.
- Revenues- Other: $287 million compared to the $301.67 million average estimate based on four analysts.
- Revenues- Advertising: $1.41 billion versus the four-analyst average estimate of $1.48 billion.
View all Key Company Metrics for Warner Bros. Discovery here>>>
Shares of Warner Bros. Discovery have returned +27.2% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Warner Bros. Discovery, Inc. (WBD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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