July 24, 2019
Strong retail sales of Warner Bros.’ ocean-based superhero Aquaman contributed to the studio increasing second-quarter (ended June 30) operating income 30% to $440 million from operating income of $338 million during the previous-year period.
Video game (which included the Mortal Kombat 11 release) and home entertainment revenue increased nearly 28% to $552 million from $432 million a year ago.
Theatrical revenue grew 13.4% to $1.52 billion from $1.34 billion last year. Television product revenue decreased almost 15% to $1.31 billion compared to $1.53 billion last year.
The decrease was primarily due to lower licensing revenue as parent company WarnerMedia holds back content from third parties such as Netflix for its pending subscription streaming video service, HBO Max.
Total WB studio revenue increased 2.5% to $3.39 billion compared with $3.3 billion last year.