warner bros. discovery streaming ebitda

warner bros. discovery streaming ebitda

Unmasking Streaming Discovery Wins: 63% EBITDA Surge

Warner Bros. Discovery’s streaming EBITDA jumped 63% to $512 million in Q1 2026, driven by a new dynamic pricing model and the integration of HBO Max with Discovery+.1 The surge reflects stronger ad rates, subscriber retention above 80%, and cost efficiencies that reshaped the company’s profit curve.