Discovery’s Q1 squeezed by streaming costs, lower ad sales

Wednesday, 28 April 2021, 19:59:12
Discovery boss David Zaslav said the ad sales dip was “primarily due to lower overall ratings” and lower ad inventory — not systematic declines in pay TV or cord cutting.
— New York Post

Discovery Stock Falls On Q1 Earnings Miss

Wednesday, 28 April 2021, 16:47:23
Discovery Inc’s (NASDAQ: DISCA ) reported first-quarter FY21 revenue growth of 4% year-on-year to $2.8 billion, beating analyst consensus of $2.77 billion. Total U.S. Networks revenues rose 3% to $1.8 billion, and Total International Networks revenues increased 7% to $987 million. U.S. advertising revenues declined 4%, while distribution revenue rose 12%. … Full story available on Benzinga.com
— Benzinga

Discovery Counts 15 Million Total Streaming Subscribers as Discovery+ Roll-Out Continues

Wednesday, 28 April 2021, 16:10:52
The debut of Discovery+ early this year has significantly bulked up Discovery's total subscriber count. Since the end of 2020, the entertainment company, which is looking to level its linear business with a push into streaming, has added about 10 million new paying streaming subscribers across its portfolio. In total, Discovery had 13 million total…
— Adweek

Discovery Drops as Discovery+ Growth Eats Into Profit – TheStreet

Wednesday, 28 April 2021, 14:55:29
Discovery reported a 63% decline in net income year over year, owing in part to costs related to launching the Discovery+ streaming service.
— The Street

Chip and Joanna Gaines’ New Magnolia Network Puts the Power Couple in the Driver’s Seat

Wednesday, 28 April 2021, 00:16:49
Chip and Joanna Gaines are launching their long-awaited television network this summer on streaming in partnership with Discovery–a step that marks a new chapter for their lifestyle empire. The Waco, Texas-based couple were rocketed to national fame with the success of their Fixer Upper show on HGTV, which aired from 2013 to 2018. A reboot…
— Adweek