Warner Bros Discovery posted a surprise second-quarter profit on Thursday, as the international rollout of HBO Max sent subscriber numbers climbing and blockbuster hits like “A Minecraft Movie” dominated the U.

Warner Bros. Discovery management's proactive approach and ability to generate value in tough conditions will benefit shareholders long-term. Read more on WBD stock.

Loss of NBA rights likely crimped Warner Bros. Discovery's ability to attract advertising dollars in the TV industry's most recent 'upfront' market