Thanks to box office hits, studios' revenue hit $3.8 billion, up 55 percent from a year ago, in the second quarter.

Warner Bros. Discovery said second quarter profit was boosted by HBO Max international expansion and "Minecraft Movie"

WBD is targeting at least 150 million streaming subscribers by the end of 2026 and anticipates the streaming segment will deliver a profit of approximately $1.3 billion in 2025. The company expects the studios business to generate $2.4 billion of profit for full year 2025 and has set a long-term goal to reach at least $3 billion of adjusted EBITDA.