Discovery, Inc (DISCA) Q1 Revenues Beat

Discovery, Inc (NASDAQ: DISCA) reported Q1 EPS of $0.21, which may not compare to the analyst estimate of $0.65. Revenue for the quarter came in at $2.79 billion versus the consensus estimate of $2.77 billion.

David Zaslav, President and Chief Executive Officer of Discovery said, "The global rollout of discovery+ is off to a fantastic start by any measure. Key metrics, including subscriber additions, customer engagement, and retention, are exceeding our expectations and demonstrating sustained momentum into the second quarter. We now have 15 million total paying direct-to-consumer subscribers across our global portfolio driven primarily by discovery+, having crossed 13 million total paying direct-to-consumer subscribers at the end of March. Our strong direct-to-consumer performance underscores the outstanding value and appeal of our content, brands and personalities to both consumers and distribution partners alike. We continue to expand the reach of discovery+ with recent launches on Comcast Xfinity and Amazon Prime Video Channels. At the same time, we continue to extend our overall engagement with viewers across screens, anchored by another quarter as the most-watched pay-TV portfolio in the U.S. and our seventh consecutive quarter of international share growth."

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

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