Warner Bros Discovery Ranks 95th in Trading Volume with $825 Million in Activity

On June 27, 2025, Warner Bros. Discovery (WBD) saw a trading volume of $825 million, ranking 95th in the day's market activity. The stock rose by 1.35%, marking its second consecutive day of gains and a total increase of 3.96% over the past two days.

Warner Bros. Discovery is scheduled to release its second-quarter 2025 earnings report on August 7, 2025, before the market opens. A conference call is planned for 8:00 a.m. ET to discuss the results.

The company's Q2 2025 earnings report revealed a mixed performance, with total revenue decreasing by 9.8% year-over-year to $8.98 billion. However, the streaming division showed significant growth, adding 5.4 million net subscribers to reach a total of 122.3 million. This growth was driven by popular content such as The White Lotus and The Pitt, as well as international originals like The Eastern Gate.

Despite the overall revenue decline, the streaming division's EBITDA expanded by 295% to $339 million, reflecting cost discipline and operational efficiency. The company aims to reach $1.3 billion in streaming EBITDA by the end of the year, an 85% increase from 2024.

Warner Bros. Discovery's balance sheet showed progress with total debt reducing to $37.3 billion from $40.5 billion in 2024, and cash reserves increasing to $3.6 billion. The debt-to-equity ratio improved to 2.1x, nearing the management's target of 2.5x–3.0x. The company is also considering a spinoff into two entities—Streaming & Studios and Global Networks—to unlock $5–7 billion in value by separating legacy linear assets from high-growth streaming.

Despite these positive developments, Warner Bros. Discovery faces challenges such as declining linear TV revenue, content volatility, and macroeconomic pressures. The company's stock trades at 7.2x forward EV/EBITDA, a 30% discount to peers like Netflix and Disney, making it an attractive buying opportunity for investors.