(RTTNews) - 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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