Investing.com -- Warner Bros. Discovery, Inc. (NASDAQ:WBD) posted higher-than-expected core profit in the second quarter, as subscriber growth at the entertainment group's HBO Max streaming service boosted advertising revenues.
Adjusted earnings before interest, taxes, depreciation, and amortization rose by 22% on a pro forma basis to $2.15 billion, topping Bloomberg consensus estimates of $1.98B.
Shares in the company jumped in premarket trading on Thursday.
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