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Discovery Inc (DISCB.OQ)

DISCB.OQ on NASDAQ Stock Exchange Global Select Market

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31 Mar 2020
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Latest Key Developments (Source: Significant Developments)

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

Discovery Inc Partners With Freewheel On Multi-Year Agreement
Monday, 30 Sep 2019 

Sept 30 (Reuters) - Discovery Inc::DISCOVERY, INC. PARTNERS WITH FREEWHEEL ON MULTI-YEAR AGREEMENT TO UNIFY ITS ADVERTISING MANAGEMENT AND AGGREGATE AUDIENCE SCALE ACROSS ALL SCREENS.DISCOVERY INC- TO USE FREEWHEEL'S UNIFIED DECISIONING PLATFORM.  Full Article

Discovery Posts Q2 EPS Of $1.33
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - Discovery Inc ::DISCOVERY, INC. REPORTS SECOND QUARTER 2019 RESULTS.Q2 REVENUE ROSE 1 PERCENT TO $2.885 BILLION.Q2 EARNINGS PER SHARE $1.33.QTRLY ADJUSTED EARNINGS PER SHARE $1.61.QTRLY ADJUSTED EPS EXCLUDING. TAX BENEFIT, AFTER-TAX RESTRUCTURING AND OTHER CHARGES WAS $0.98.Q2 EARNINGS PER SHARE VIEW $1.06, REVENUE VIEW $2.89 BILLION -- REFINITIV IBES DATA.  Full Article

Discovery Announces Debt Offering
Thursday, 16 May 2019 

May 16 (Reuters) - Discovery Inc ::DISCOVERY ANNOUNCES DEBT OFFERING.DISCOVERY INC - INTENDS TO USE NET PROCEEDS FROM OFFERING TO REDEEM ALL OF DCL'S OUTSTANDING 2.750% SENIOR NOTES DUE NOVEMBER 2019.DISCOVERY INC - INTENDS TO ALSO USE NET PROCEEDS FROM OFFERING TO REDEEM ALL OF DCL'S OUTSTANDING 5.050% SENIOR NOTES DUE JUNE 2020.  Full Article

Discovery Inc Reports First Quarter 2019 Results
Thursday, 2 May 2019 

May 2 (Reuters) - Discovery Inc ::DISCOVERY, INC. REPORTS FIRST QUARTER 2019 RESULTS.Q1 REVENUE ROSE 17 PERCENT TO $2.707 BILLION.Q1 EARNINGS PER SHARE $0.53.QTRLY ADJUSTED EARNINGS PER DILUTED SHARE $0.87.IMPROVEMENT IN NET INCOME WAS A RESULT OF HIGHER OPERATING RESULTS IN QUARTER.Q1 EARNINGS PER SHARE VIEW $0.79, REVENUE VIEW $2.72 BILLION -- REFINITIV IBES DATA.U.S. NETWORKS' REVENUES FOR THE FIRST QUARTER OF 2019 INCREASED 49% TO $1,752 MILLION ON A REPORTED BASIS.  Full Article

Discovery Inc Files For Potential Mixed Shelf Offering
Thursday, 2 May 2019 

May 1 (Reuters) - Discovery Inc ::DISCOVERY INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Discovery quarterly revenue up 3% on higher ad sales

Nov 7 Discovery Inc reported a 3% rise in quarterly revenue on Thursday, as the owner of Discovery Channel and Animal Planet recorded higher advertising sales across its networks.