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Warner Bros. Discovery vs Optimum Communications: WBD and OPTU compared
Warner Bros. Discovery is the larger company: $8.7B of revenue in its latest quarter (Q2 2026) against $2.0B for Optimum Communications (Q3 2026). Optimum Communications is growing faster (-5% against -11% a year earlier). Warner Bros. Discovery is more profitable, with an operating margin of 2.7% against -152.9%.
Where the money goes: WBD and OPTU
Warner Bros. Discovery (WBD) · Q2 2026
Warner Bros. Discovery, Q2 2026: revenue $8.7B (-11% year over year), operating margin 2.7%, net earnings $162M, operating cash flow $848M. The chart follows the revenue to costs, profit and cash.
Optimum Communications (OPTU) · Q3 2026
Optimum Communications, Q3 2026: revenue $2.0B (-5% year over year), operating margin -152.9%, net loss $2.9B, operating cash flow $79.2M. The chart follows the revenue to costs, profit and cash.
| Warner Bros. Discovery (WBD) | Optimum Communications (OPTU) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $8.7B | $2.0B |
| Revenue growth, Y/Y | -11% | -5% |
| Operating margin | 2.7% | -152.9% |
| Net earnings | $162M | −$2.9B |
| Net margin | 1.9% | -142.9% |
| Operating cash flow | $848M | $79.2M |
| Free cash flow | $572M | — |
| Market value | — | $216M |
| Analysts’ mean target | — | $1.05 |
Where the revenue comes from
Warner Bros. Discovery
- Distribution: $5.0B (57%)
- Content: $1.8B (21%)
- Advertising: $1.7B (20%)
- Other: $215M (2%)
Optimum Communications
- Residential revenue: $1.5B (75%)
- Business services and wholesale: $376M (19%)
- News and advertising: $93.4M (5%)
- Other: $23.1M (1%)
Questions
Which is bigger, Warner Bros. Discovery or Optimum Communications?
Warner Bros. Discovery is the larger company: $8.7B of revenue in its latest quarter (Q2 2026) against $2.0B for Optimum Communications (Q3 2026).
Is Warner Bros. Discovery or Optimum Communications growing faster?
Optimum Communications is growing faster (-5% against -11% a year earlier).
Which is more profitable, Warner Bros. Discovery or Optimum Communications?
Warner Bros. Discovery is more profitable, with an operating margin of 2.7% against -152.9%.
More: Warner Bros. Discovery earnings · how Warner Bros. Discovery makes money · Optimum Communications earnings · how Optimum Communications makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 6, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.