Warner Bros. Discovery Inc. (WBD) unveiled on Thursday that its total revenues in the second quarter of fiscal 2025 rose 1% on an annual basis, to stand at $9.8 billion.
In the three months ending June 30, net income reached $1.6 billion, significantly up from a net loss of $10 billion registered in the same timeframe in 2024. Diluted earnings per share in the second trimester amounted to $0.63, surging from a net loss of $4.07 recorded in the same three-month period a year prior.
"In conjunction with the announcement of the separation of Streaming & Studios and Global Linear Networks, the Company successfully completed a tender offer and consent solicitation, as well as repaid the $1.5 billion term loan due 2026, financed by a $17.0 billion bridge facility, resulting in a $2.2 billion reduction in gross debt. Additionally, the Company repaid $0.5 billion of debt due in the quarter, resulting in a $2.7 billion total reduction in gross debt during Q2," the firm said.
WBD's stock ticked 0.63% higher in the premarket, following the release of the report.
