warner-bros.-discovery-swings-to-loss-amid-merger-charges

Warner Bros. Discovery Swings to Loss Amid Merger Charges

A scene from Warner Bros.’ ‘Elvis’. Photo: Warner Bros/Everett Collection

Warner Bros. Discovery Inc. WBD 4.61% swung to a $3.42 billion loss in the second quarter, which the company said was partly due to charges related to the recent merger that created the media giant.

In its first quarterly earnings report as a combined entity, Warner Bros. Discovery—home of the Warner Bros. movie studio, cable channels and streaming services including HBO Max and Discovery+—said it had 92.1 million subscribers across its streaming platforms, up about 1.7 million from the first quarter.

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