Warner Bros. Discovery Inc., the parent of HBO and CNN, swung to a profit in the second quarter, buoyed by a string of successes at the box office.

Warner Bros. Discovery's second-quarter earnings received a boost from its film studios segment following recent periods of underperformance. Film releases from Warner Bros. Motion Pictures included "A Minecraft Movie,

The media and entertainment company posted net income of $1.58 billion, or 63 cents a share, for the second quarter, as revenue edged up to $9.81 billion from $9.71 billion.