Discovery, Inc (DISCA) Misses Q2 EPS by 20c

Discovery, Inc (NASDAQ: DISCA) reported Q2 EPS of $0.66, $0.20 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $2.85 billion versus the consensus estimate of $2.85 billion.

Second quarter Adjusted Operating Income Before Depreciation and Amortization ("Adjusted OIBDA")(4) increased 69% to $1,214 million on a reported basis compared with the prior year quarter. Excluding the impact of the Transactions and foreign currency fluctuations, Adjusted OIBDA remained consistent with the prior year quarter with a 12% increase at International Networks, which was offset by a 4% decrease at U.S. Networks. On a pro forma combined basis, excluding the impact of foreign currency fluctuations, total company second quarter Adjusted OIBDA increased 5%, as International Networks' Adjusted OIBDA increased 14% and U.S. Networks Adjusted OIBDA increased 1%.

For earnings history and earnings-related data on Discovery, Inc (DISCA) click here.

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