The diphoton excess around 750 GeV observed by ATLAS and CMS can be interpreted as coming from a massive spin-2 excitation. We explore this possibility in the context of warped five-dimensional models with the Standard Model (SM) fields propagating in the bulk of the extra dimension. The 750 GeV resonance is identified with the first Kaluza-Klein (KK) excitation of the five-dimensional graviton that is parametrically lighter than KK resonances of SM fields. Our set-up makes it possible to

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... e non-universal couplings of the spin-2 resonance to matter, and thus to explain non-observation of the 750 GeV resonance in leptonic channels. Phenomenological predictions of the model depend on the localization of fields in the extra dimension. If, as required by naturalness arguments, the zero modes of the Higgs and top fields are localized near the IR brane, one expects large branching fractions to ttbar, hh, WW, and ZZ final states. Decays to a Z boson and a photon can also be observable when the KK graviton couplings to the SM gauge fields are non-universal.