Warner Bros. Discovery’s second-quarter earnings received a significant boost from its successful film studios, with hits such as “A Minecraft Movie,” “Sinners,” “Final Destination: Bloodlines,” and “F1” generating $2 billion in global box office revenue so far.

During the quarter, the studios segment’s total revenue surged 55% to $3.8 billion, with theatrical revenue up 38% excluding foreign currency impacts. Adjusted EBITDA for the segment also saw a substantial increase to $863 million.

In a shareholder letter, WBD projected the studios segment to bring in at least $2.4 billion of adjusted EBITDA for the full year, a significant step towards its goal of surpassing $3 billion in adjusted EBITDA.

The release of “Superman,” with a $220 million global opening weekend, is expected to further boost Warner Bros. Discovery’s third-quarter performance, following the success of “F1” and “Superman” which crossed $500 million in ticket sales.

CEO David Zaslav emphasized the revitalization of Warner Bros. Motion Pictures post-merger with Discovery in 2022, bringing in new leadership and a focus on iconic franchises like “Lord of the Rings” and “Harry Potter.”

Despite recent success, the division faced layoffs, including a 10% reduction in the workforce, and the ongoing process of splitting Warner Bros. Discovery into two separate entities next year.

Overall, WBD’s total revenue for the second quarter increased by 1% to $9.81 billion, with adjusted EBITDA rising by 9% to $1.95 billion, showcasing continued growth and success for the company.

Read more at CNBC: Warner Bros. Discovery film studios lift second-quarter results