The media company reports a net loss tied to termination fees and restructuring costs ahead of a pending deal close.
Warner Bros Discovery reported a $2.9 billion net loss in its latest quarter, driven by costs related to the Paramount deal and restructuring efforts. The loss reflects termination fees owed to Netflix, which remain on the company’s books until the transaction finalizes.
The charge follows a period of consolidation in the media sector, with prior quarters also showing elevated restructuring expenses. Analysts had anticipated a loss but did not specify the scale of the impact from the Paramount agreement.
Shares showed limited movement in after-hours trading as investors weighed the one-time charges against long-term strategic positioning.