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

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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…

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.

 

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