- Discovery Inc (NASDAQ:DISCA) reported fourth-quarter FY21 revenue growth of 10% year-on-year to $3.19 billion, beating the consensus of $3.12 billion.
- It ended Q4 with 22 million Direct-to-Consumer Subscribers and generated nearly $450 million of Next Generation Revenues.
- Total U.S. Networks revenues increased 14% Y/Y to $2.03 billion. Total International Networks revenues increased 5% Y/Y to $1.16 billion.
- U.S. advertising revenues increased 5% due to higher pricing the continued monetization of content offerings. The distribution revenues increased 17% Y/Y, driven by the growth of discovery+ and increases in contractual affiliate rates.
- International advertising revenues increased 10%. The distribution revenues increased 2% due to the growth of discovery+.
- EPS of $0.08 declined from $0.42 last year.
- Discovery generated $884 million in operating cash flow with $784 million in free cash flow and held $3.9 billion in cash and equivalents.
- Price Action: DISCA shares traded lower by 8.65% at $25.77 in the premarket on the last check Thursday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
Discovery Stock Falls Post Q4 Results, Clocks 10% Revenue Growth
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks