Discovery reported strong Q2 2021 financial results on Tuesday and handily beat Wall Street’s estimates.
The media company, which owns major television networks ranging from HGTV and TLC to Food Network and the Discovery Channel, reported $3.06 billion in revenue — a 21 percent increase from Discovery’s Q2 results last year. The company surpassed Wall Street expectations; analysts only predicted Discovery to report $2.97 billion in revenue, according to Yahoo Finance data.
Discovery announced its Q2 earnings several months after the company rolled out its Discovery+ streaming service in the United States, which features a $4.99 ad-supported tier and an ad-free $9.99 subscription option. The company’s United States advertising revenue increased 12 percent in Q2, while its international advertising revenue shot up 88 percent. Discovery said it had 18 million direct-to-consumer subscribers and though the company said that the majority of those customers were Discovery+ subscribers, it did not offer a specific breakdown of the statistics.
“Advertising...
The media company, which owns major television networks ranging from HGTV and TLC to Food Network and the Discovery Channel, reported $3.06 billion in revenue — a 21 percent increase from Discovery’s Q2 results last year. The company surpassed Wall Street expectations; analysts only predicted Discovery to report $2.97 billion in revenue, according to Yahoo Finance data.
Discovery announced its Q2 earnings several months after the company rolled out its Discovery+ streaming service in the United States, which features a $4.99 ad-supported tier and an ad-free $9.99 subscription option. The company’s United States advertising revenue increased 12 percent in Q2, while its international advertising revenue shot up 88 percent. Discovery said it had 18 million direct-to-consumer subscribers and though the company said that the majority of those customers were Discovery+ subscribers, it did not offer a specific breakdown of the statistics.
“Advertising...
- 8/3/2021
- by Tyler Hersko
- Indiewire
Similar News
Ellen DeGeneres Tackles Her Talk Show Ending in Controversy on Stand-Up Tour: ‘This Is Not the Way I Wanted to End My Career’
- 4/26/2024
- by J. Kim Murphy
- Variety Film + TV
Priyanka Chopra Jonas’ ‘Women of My Billion’ to Launch on Prime – Global Bulletin
- 4/25/2024
- by Patrick Frater
- Variety Film + TV
‘117 Years Of Movie Bullsh*t’: Frank Adkinson Jr. To Co-Write And Star In Candice Vernon’s Time-Bending Comedy Feature; Blue Kimble To Serve As Executive Producer
- 4/23/2024
- by Valerie Complex
- Deadline Film + TV
Ellen DeGeneres Addresses ‘Getting Kicked Out of Show Business’ on Her New Comedy Tour: ‘It’s Been a Toll on My Ego’
- 4/25/2024
- by Krystie Lee Yandoli
- Rollingstone.com
Bear Brown Talks New Season & His Exciting New Show
- 4/25/2024
- by James Michael
- TV Shows Ace
Acast Celebrates a Decade of Growth and Innovation in Podcasting
- 4/25/2024
- Podnews.net
IMDb.com, Inc. takes no responsibility for the content or accuracy of the above news articles, Tweets, or blog posts. This content is published for the entertainment of our users only. The news articles, Tweets, and blog posts do not represent IMDb's opinions nor can we guarantee that the reporting therein is completely factual. Please visit the source responsible for the item in question to report any concerns you may have regarding content or accuracy.