Warner Bros. Discovery as soon as once more glosses over gaming enterprise in Q1 2026 financials

Warner Bros. Discovery (WBD) stated it was “preparing for its next chapter,” however as soon as once more made no reference to its video games enterprise in a letter to shareholders after video games income slumped 30%.

In the letter, the corporate stated it the agency remained centered on “scaling HBO Max globally, returning our Studios to industry leadership, and optimizing our Global Linear Networks.”

A deeper dive into the corporate’s financials, nevertheless, present video games income dropped 30% (not accounting for overseas trade impacting comparability), and video games content material expense decreased 43% ex-FX, “primarily driven by lower library revenues.”

Once once more, WBD didn’t make express point out of its video games enterprise, however did verify that its Studios phase – by which its sport enterprise is located – “continues to make steady progress toward our target of at least $3 billion in Adjusted EBITDA supported by a diversified portfolio of first-run film and television, content library, video games, and experiences businesses.”

Revenue for Warner Bros. Discovery general throughout Q1 2026 totaled $8.8 billion, a 1% lower year-on-year.

In March, Warner Bros. Discovery stated 2025 was a “significant” 12 months for the corporate, however made little point out of its gaming sector past claims it’s “rebuilding” its online game enterprise in its most up-to-date monetary report back to traders.

At the top of April, Warner Bros. Discovery shareholders “overwhelmingly” authorized Paramount’s $111 billion acquisition.