All eyes were on Warner Bros. Discovery’s second-quarter earnings Thursday following Wednesday’s report that the company was preparing a major restructuring of its content divisions, and the entertainment conglomerate added 1.7 million global streaming subscribers to HBO Max and Discovery+ to reach 92.1 million global subscribers.
For the quarter, the company that trades under the stock ticker WBD reported revenues of $10.82 billion and revenues decreasing 1% compared to the same quarter year over year and a diluted EPS of -$1.50. That was a miss from analyst expectations of $11.6 billion and a drop in earnings of 3 cents per share, according to Yahoo Finance.