Discovery reported second-quarter fiscal 2026 revenue of $8.7 billion on Thursday, down 11% compared with the same period last year and below analysts’ expectations, AzerNEWS reports, citing foreign media. According to Warner Bros. Warner Bros. Following the earnings release, Warner Bros. Discovery shares rose 0.42% in premarket trading to $26.08, suggesting investors responded positively to the company's streaming momentum despite the decline in revenue and profits.