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How to Invest in Warner Bros Discovery

By Rachel Warren – Updated Sep 15, 2025 at 1:17PM | Fact-checked by Parker Hicks

Key Points

  • Warner Bros. Discovery formed in 2022 from AT&T's spinoff and merger with Discovery, Inc.
  • The company saw Q2 2025 revenue up 1% YOY, with a significant rise in direct-to-consumer segments.
  • Despite not paying dividends and facing profitability issues, WBD shows strong revenue and cash flow.
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