Discovery Tops Wall Street’s Q2 Estimates On Advertising Rebound; Streaming Business Hits 18M Subscribers

Australia News News

Discovery Tops Wall Street’s Q2 Estimates On Advertising Rebound; Streaming Business Hits 18M Subscribers
Australia Australia Latest News,Australia Australia Headlines

Advertising rebounded strongly in the second quarter, enabling Discovery Communications to easily beat Wall Street’s estimates. Total revenue climbed 21% over the prior-year quarter, reaching…

  • 📰 DEADLINE
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

Total revenue climbed 21% over the prior-year quarter, reaching $3.06 billion, as earnings per share hit $1.01. Analysts had expected revenue of $2.97 billion and earnings of 85 cents.

International ad revenue rocketed 70%, with the UK, Italy, Germany and other markets surging ahead of 2019 levels.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

DEADLINE /  🏆 109. in AU
 

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These companies reporting earnings tend to miss expectations and see their shares slideThese companies reporting earnings tend to miss expectations and see their shares slideCNBC PRO analyzed earnings data from Bespoke Investment Group to identify stocks reporting earnings that tend to miss Wall Street’s estimates and fall.
Read more »



Render Time: 2025-01-19 04:00:02