Warner Bros. Discovery (WBD) did not address its gaming business in the Q1 2026 financial report, despite a 30% decline in games revenue.
Warner Bros. Discovery (WBD) did not address its gaming business in the Q1 2026 financial report, despite a 30% decline in games revenue. The company emphasized its focus on expanding HBO Max globally, enhancing its Studios division, and optimizing Global Linear Networks. Although games revenue dropped by 30%, the financials also showed a 43% decrease in games content expenses, mainly due to lower library revenues.
While not explicitly mentioning its games business, WBD highlighted the progress of its Studios segment towards achieving over $3 billion in Adjusted EBITDA. The company's total revenue for Q1 2026 was $8.8 billion, marking a 1% decline compared to the previous year. Despite labeling 2025 as a significant year, Warner Bros. Discovery provided minimal updates on its gaming sector, stating efforts to rebuild the video game business. Shareholders recently approved Paramount's $111 billion acquisition of Warner Bros. Discovery.
