Warner Bros. Discovery returned to profitability in the second quarter, posting net income of $1.6 billion on revenue of $9.81 billion, a 1 percent year-on-year increase that edged past Wall Street expectations. Studios contributed $3.80 billion, while the HBO Max and Discovery+ streaming business added 3.4 million subscribers, lifting the global total to 125.7 million. The turnaround was powered by a strong theatrical slate, led by video-game adaptation “A Minecraft Movie,” which has approached the $1 billion mark at the global box office, and the thriller “Sinners,” which has taken in about $360 million. HBO Max also generated an adjusted profit of $293 million, helped by an international rollout in Australia and parts of Eastern Europe. Management warned that restructuring a U.S. HBO Max distribution deal trimmed second-quarter domestic average revenue per user and will have a more pronounced impact in the current quarter, but still forecast low-single-digit growth in Q3 distribution revenue. Chief Executive Officer David Zaslav said the company is moving ahead with a plan to separate its streaming-and-studio assets from its cable networks, reiterating 2025 adjusted EBITDA goals of roughly $2.4 billion for studios and $1.3 billion for streaming. The positive results and guidance lifted Warner Bros. Discovery shares about 3 percent in pre-market trading on Thursday.