Discovery reported spotty financial results in the second quarter, but delivered better-than-expected free cash flow.
Related Stories
Warner Bros. Marketing costs related to the Max launch on May 23 also took a toll on the quarterly results.
The streaming unit posted revenue of $2.7 billion.
Warner Bros. Discovery CEO David ZaslavKevin Mazur/Getty Images for Warner Bros. Discovery
Operating expenses decreased 8% on a pro forma basis.
Previously, it had guided to profit by 2025.
Like its peers in the traditional media business, WBD is managing through a challenging operating environment.
