Warner Bros. Discovery Inc. (WBD) Q1 2026 (USD): EPS -1.17 (exp. -0.11), Revenue 8.89bln (exp. 8.89bln), FCF -476mln (exp. 638mln), Net -2.9bln (prev. -0.45bln), Net loss included a USD 1.3bln of pre-tax acquisition-related amortization of intangibles

Warner Bros. Discovery's Q1 2026 results indicate a significant earnings miss with an EPS of -1.17 compared to expectations of -0.11, although revenue met expectations at $8.89 billion. The larger-than-expected net loss of $2.9 billion signals ongoing challenges, particularly with the substantial $1.3 billion allocated for acquisition-related amortization, raising concerns about future cash flow and profitability in the highly competitive media landscape.