Warner Bros. Discovery books $2.9 billion net loss tied to Paramount deal, restructuring costs
Corroborated by 4 sources from 4 publishers
TL;DR
Reports differ across sources; according to seekingalpha.com, warner Brothers: A Complete Review Of The Potential Risk/Reward Summary - Warner Brothers Discovery (WBD) is being acquired by Paramount Skydance (PSKY) for $31/share, with the deal set to close by September 30.
Sources
1
Seeking Alpha Market News
https://seekingalpha.com/article/4899180-warner-brothers-a-complete-review-of-the-potential-riskreward?source=feed_all_articles
2
Bloomberg Industries
https://www.bloomberg.com/news/articles/2026-05-06/warner-bros-misses-on-earnings-as-paramount-deal-nears
3
Dow Jones U.S. Business
https://www.wsj.com/business/media/warner-bros-discovery-earnings-q1-2026-wbd-stock-07f83bc0?mod=pls_whats_news_us_business_f
4
CNBC Top News
https://www.cnbc.com/2026/05/06/warner-bros-discovery-net-loss-paramount-deal.html