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flag Warner Bros. Discovery lost $148 million in Q3 2025 due to falling traditional TV revenue, despite growth in studios and streaming, as it explores a sale or split.

flag Warner Bros. flag Discovery posted a $148 million net loss in the third quarter of 2025, a reversal from last year’s profit, as revenue dipped 6% to $9.05 billion. flag The loss, driven by declining traditional networks, contrasts with growth in studios and streaming. flag The company continues exploring a potential sale or split amid industry shifts. flag CEO David Zaslav highlighted strong content assets like HBO and Warner Bros. studios but offered no details on the ongoing strategic review.

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