Discovery, Inc (DISCA) Tops Q4 EPS by 5c
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Discovery, Inc. Reports Fourth Quarter And Full Year 2019 Results
February 27, 2020 7:01 AM ESTSILVER SPRING, Md., Feb. 27, 2020 /PRNewswire/ -- Discovery, Inc. ("Discovery" or the "Company") (NASDAQ: DISCA, DISCB, DISCK) today reported financial results for the quarter and full year ended December 31, 2019.
David Zaslav, President and Chief Executive Officer of Discovery said, "2019 was a year of promises made and promises delivered. We achieved more than $3 billion of free cash flow and brought leverage down to the low end of our target range of 3-3.5x net debt to Adjusted OIBDA. Our differentiated local content strategy and global scale, coupled with our unique free cash flow conversion profile, provide... More
