As “Rzeczpospolita” notes, since the first reports by the Financial Times about potential ownership changes at Warner Bros. Discovery (WBD), the company's shares recorded a significant increase. Prices rose from around $8. to $21.15 per share, which translated into a market capitalization exceeding USD 52 billion.
Interestingly, the management board of WBD estimated that in August 2024 the appropriate price per share would be USD 25, which would mean a capitalization of over USD 60 billion. Although no decisions regarding ownership changes have been announced yet, the market reacted optimistically.
Stable financial results and growth of the streaming segment
“Rzeczpospolita” calculates that in the second quarter of 2025, WBD reached $9.8 billion. revenue, which is a result comparable to the same period a year earlier. Adjusted EBITDA amounted to USD 1.96 billion, and net profit attributable to shareholders of the parent company reached USD 1.6 billion.
The largest increase in revenue was recorded in the Streaming and Studio segment. The number of subscribers to WBD-owned streaming platforms increased by 3.4 million, reaching the total number 125.7 million users. This number includes subscribers to services such as HBO Max, Discovery+, Cinemax, Player and paid sports platforms.
See also: Netflix is considering taking over the owner of the TVN station. This could be a revolution for cinemas
Speculations about the future of WBD continue, especially as the publication of results for the third quarter of 2025, scheduled for November 6, approaches. In the half-year report, the company warned that the second half of the year would bring significant financial expenses.
Warner Bros. Discovery – about the company
Warner Bros. Discovery is an American media corporation established in 2022 as a result of the merger of WarnerMedia, previously owned by AT&T, and Discovery, Inc. The company operates in the entertainment and media industry, focusing on the production of films, television series, documentaries and streaming services. Its portfolio includes such famous brands as Warner Bros., HBO, CNN, Discovery Channel, Animal Planet and DC Entertainment.
Warner Bros. Discovery also operates streaming platforms including HBO Max, offering content in both the U.S. and international markets. The company is engaged in the creation and distribution of film, television and digital content across a wide range of genres and formats, from blockbusters to educational and lifestyle programming, and is expanding into sports, news and documentary production, striving to strengthen its position as a global leader in the media and entertainment sector.
