Edition:
India

Discovery Inc (DISCB.OQ)

DISCB.OQ on NASDAQ Stock Exchange Global Select Market

33.82USD
23 Oct 2020
Change (% chg)

$-0.13 (-0.38%)
Prev Close
$33.95
Open
$33.37
Day's High
$33.82
Day's Low
$33.37
Volume
736
Avg. Vol
386
52-wk High
$98.25
52-wk Low
$21.37

Latest Key Developments (Source: Significant Developments)

Discovery Reports Second-Quarter 2020 Results
Wednesday, 5 Aug 2020 

Aug 5 (Reuters) - Discovery Inc ::DISCOVERY, INC. REPORTS SECOND-QUARTER 2020 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.77.Q2 REVENUE $2.541 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.51 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.70 -- REFINITIV IBES DATA.Q2 EARNINGS PER SHARE $0.40.DISCOVERY - QTRLY U.S. NETWORK TOTAL REVENUES $1,756 MILLION VERSUS $1,863 MILLION.QTRLY INTERNATIONAL NETWORKS TOTAL REVENUES $783 MILLION VERSUS $1,020 MILLION.DISCOVERY - DEMAND FOR ADVERTISING PRODUCTS AND SERVICES HAS BEEN REDUCED BY COVID-19, PARTICULARLY IN Q2.DISCOVERY - EXPECT POSTPONEMENT OF OLYMPIC GAMES WILL SHIFT OLYMPIC-RELATED REVENUES, DEFER SIGNIFICANT EXPENSES FROM FISCAL YEAR 2020 TO 2021.RECORDED GOODWILL IMPAIRMENT CHARGE OF $36 MILLION FOR ASIA-PACIFIC REPORTING UNIT DURING QUARTER ENDED JUNE 30.  Full Article

Discovery Announces Pricing Of Senior Notes
Friday, 8 May 2020 

May 7 (Reuters) - Discovery Inc ::DISCOVERY ANNOUNCES PRICING OF SENIOR NOTES.DISCOVERY COMMUNICATIONS LLC PRICED OFFERING OF $1 BILLION SENIOR NOTES DUE 2030 AT 100.000% OF THEIR PRINCIPAL AMOUNT.PRICED AN OFFERING OF $1 BILLION AGGREGATE PRINCIPAL AMOUNT OF 4.650% SENIOR NOTES DUE 2050.SAYS 2050 NOTES WERE PRICED AT 99.872% OF THEIR PRINCIPAL AMOUNT TO YIELD 4.658% TO MATURITY.  Full Article

Discovery Announces Debt Offering
Thursday, 7 May 2020 

May 7 (Reuters) - Discovery Inc ::DISCOVERY ANNOUNCES DEBT OFFERING.DISCOVERY INC - UNIT COMMENCED AN UNDERWRITTEN PUBLIC OFFERING OF SENIOR FIXED RATE NOTES.DISCOVERY INC - INTENDS TO USE NET PROCEEDS TO FUND DCL'S AND SCRIPPS' CASH TENDER OFFERS.  Full Article

Discovery Inc Reports Q1 Adjusted Earnings Per Share $0.87
Wednesday, 6 May 2020 

May 6 (Reuters) - Discovery Inc ::DISCOVERY, INC. REPORTS FIRST-QUARTER 2020 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $0.87.Q1 EARNINGS PER SHARE $0.55.Q1 REVENUE $2.683 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.72 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $0.84 -- REFINITIV IBES DATA.QTRLY U.S. NETWORKS REVENUE AT $1,756 MILLION VERSUS $1,752 MILLION.QTRLY INTERNATIONAL NETWORKS REVENUES AT $923 MILLION VERSUS $952 MILLION.TOTAL PORTFOLIO SUBSCRIBERS FOR MARCH 2020 WERE 6% LOWER THAN MARCH 2019.  Full Article

Discovery Inc CEO David Zaslav's FY 2019 Total Compensation Was $45.8 Mln
Thursday, 30 Apr 2020 

April 29 (Reuters) - Discovery Inc ::DISCOVERY INC - CEO DAVID ZASLAV’S FY 2019 TOTAL COMPENSATION WAS $45.8 MILLION, INCLUDING NON-EQUITY INCENTIVE PLAN COMPENSATION OF $21.8 MILLION.DISCOVERY INC SAYS FOR 2019, CEO PAY RATIO WAS 578 TO 1 - SEC FILING.  Full Article

Discovery Inc Says Withdrawing Its Fiscal 2020 Outlook
Wednesday, 25 Mar 2020 

March 24 (Reuters) - Discovery Inc ::DISCOVERY INC - EXPECTS THAT POSTPONEMENT OF OLYMPIC GAMES WILL SHIFT OLYMPIC-RELATED REVENUES AND EXPENSES FROM FISCAL 2020 TO FISCAL 2021.DISCOVERY INC - WITHDRAWING ITS FISCAL 2020 OUTLOOK.DISCOVERY INC - HAS EXPERIENCED AN INCREASE IN RATINGS AND DELIVERY ACROSS MANY TELEVISION VIEWING MARKETS AS MANY PEOPLE ARE SELF-ISOLATING AT HOME.DISCOVERY INC - ON MARCH 12, 2020, COMPANY DREW DOWN $500 MILLION UNDER CREDIT FACILITY.DISCOVERY INC - IS EVALUATING IMPACT OF IMPROVED RATINGS AND DELIVERY ON ITS PERFORMANCE.DISCOVERY - PURSUE NUMBER OF COST SAVINGS INITIATIVES THAT IT HOPES WILL OFFSET A PORTION OF REVENUE LOSSES DUE TO IMPACT OF COVID-19.DISCOVERY INC - ON MARCH 12, 2020, COMPANY DREW DOWN $500 MILLION UNDER CREDIT FACILITY.DISCOVERY INC - EXPECTS THAT POSTPONEMENT OF OLYMPIC GAMES WILL SHIFT OLYMPIC-RELATED REVENUES AND EXPENSES FROM FISCAL 2020 TO FISCAL 2021.  Full Article

Discovery, Inc. Reports Q4 Adjusted Earnings Per Share $0.98
Thursday, 27 Feb 2020 

Feb 27 (Reuters) - Discovery Inc ::DISCOVERY, INC. REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.98.Q4 EARNINGS PER SHARE ESTIMATE $0.93 -- REFINITIV IBES DATA.Q4 EARNINGS PER SHARE $0.67.Q4 REVENUE $2.874 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.87 BILLION.QTRLY U.S. ADVERTISING AND DISTRIBUTION REVENUES INCREASED 1% AND 5%.QTRLY INTERNATIONAL ADVERTISING AND DISTRIBUTION REVENUES INCREASED 5% AND 10%, RESPECTIVELY.IN FEB., BOARD AUTHORIZED ADDITIONAL STOCK REPURCHASES OF UP TO $2 BILLION UPON COMPLETION OF EXISTING $1 BILLION AUTHORIZATION.TOTAL PORTFOLIO SUBSCRIBERS FOR DECEMBER 2019 WERE 5% LOWER THAN DECEMBER 2018.  Full Article

Discovery Q3 Earnings Per Share $0.35
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Discovery Inc ::DISCOVERY, INC. REPORTS THIRD QUARTER 2019 RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.87 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.35.Q3 EARNINGS PER SHARE ESTIMATE $0.82 -- REFINITIV IBES DATA.Q3 REVENUE $2.678 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.68 BILLION.  Full Article

Discovery- We Will Continue To Evaluate Value-Enhancing Investments, Along With Strategic M&A
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Discovery Inc ::DISCOVERY- WE WILL CONTINUE TO EVALUATE VALUE-ENHANCING INVESTMENTS, ALONG WITH STRATEGIC M&A-CONF CALL.DISCOVERY SEES FX IMPACT ON 2019 REVENUE BETWEEN $245 MILLION TO $255 MILLION-CONF CALL.  Full Article

Discovery, Inc. And Comscore Announce Strategic Partnership
Monday, 28 Oct 2019 

Oct 28 (Reuters) - Discovery Inc ::DISCOVERY, INC. AND COMSCORE ANNOUNCE BROAD STRATEGIC PARTNERSHIP ACROSS MEASUREMENT, TARGETING AND SEGMENTATION.DISCOVERY INC - AGREEMENTS EXPAND PARTNERSHIP BETWEEN TWO COS , FURTHER INTEGRATE COMSCORE'S SUITE OF PRODUCTS ACROSS DISCOVERY'S PLATFORMS.  Full Article

New Zealand's MediaWorks to sell free-to-air TV business to Discovery

New Zealand's largest independent broadcaster, MediaWorks, said on Monday it would sell its free-to-air TV business to U.S. media company Discovery Inc , months after putting the struggling division up for sale.