Market Overview

Discovery: Q2 Earnings Insights

Share:

Shares of Discovery (NASDAQ:DISCA) remained unaffected after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 52.17% year over year to $0.77, which beat the estimate of $0.70.

Revenue of $2,541,000,000 decreased by 11.92% from the same period last year, which beat the estimate of $2,510,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 05, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/5jbr5u8a

Technicals

52-week high: $33.66

Company's 52-week low was at $17.12

Price action over last quarter: Up 7.21%

Company Overview

Discovery is the one of the largest global media providers with over 2 billion cumulative subscribers in over 220 countries. Its three traditional networks (Discovery, TLC, and Animal Planet) each reach over 85 million U.S. households and more than 200 million international subscribers. The top two networks (HGTV and Food Network) acquired in the Scripps transaction are available in more than 87 million households in the U.S. The international segment consists of national and pan-regional networks over 294 unique distribution feeds in more than 45 languages.

 

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