A nice run at the box office bolstered Warner Bros. Discovery in the second quarter from A Minecraft Movie to Sinners with theatrical revenue up 38% as the company prepares to separate into two .

Total revenue was flat at $9.8 billion, in line with forecasts. The company swung to a net income of $1.58 billion for the three months ended in June from a massive loss pushing $10 billion the year before.

A year ago, in the 2024 second quarter, the stock fell below $7 to an all-time low with an $11 billion write-down largely at its networks division after losing the NBA ahead of renewals with major video providers. The share price has doubled since then to near $13 and WBD has inked deals with the top six largest distributors as the standalone linear networks company called Discove

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