Discovery Inc Stock Price, News & Analysis

On March 26, 2021, Discovery (Nasdaq: DISCA, DISCB, DISCK) addressed market volatility, clarifying that the day's trading activity was not linked to insider transactions. The company reaffirmed its first-quarter 2021 outlook, initially issued on February 22, and reiterated its confidence in its strategic execution across traditional and direct-to-consumer platforms. Discovery looks forward to its Q1 earnings release and investor call scheduled for May 10, 2021. The company also issued a caution regarding forward-looking statements, citing potential risks affecting actual results.

POPSUGAR has announced the upcoming event 'Girl Talk' featuring Michelle Obama to promote adolescent girls' education. Scheduled for March 25, 2021, the one-hour special will air at 9PM ET on TLC and discovery+, featuring performances by Kelly Clarkson and conversations with stars like Alicia Keys and Meryl Streep. The event aims to raise awareness and funds for the Girls Opportunity Alliance. POPSUGAR's founder emphasized the importance of education for young girls, especially after the pandemic.

Discovery (Nasdaq: DISCA, DISCB, DISCK) announced that Chief Financial Officer Gunnar Wiedenfels will present at the 2021 Deutsche Bank Media, Internet & Telecom Conference on Monday, March 8, 2021, at 8:00 a.m. ET. A live webcast of the presentation will be available on the Investor Relations section of Discovery's website, along with an on-demand replay shortly after the event concludes. Discovery is a leader in real-life entertainment, delivering over 8,000 hours of original programming annually across various platforms.

Discovery reported its Q4 and full year 2020 results, showing flat revenues of $2,886 million in Q4 and a 4% decline for the year. Net income for Q4 was $271 million, down 43%, and adjusted EPS was $0.76. The company saw a significant increase in direct-to-consumer subscribers, surpassing 11 million. However, international advertising revenues dropped 12% for the year, and total adjusted OIBDA decreased 10%. Free cash flow fell by 61% in Q4 and 25% for the year. Despite these challenges, Discovery's share buyback program continues with $1.4 billion remaining under its $2 billion authorization.

Discovery (Nasdaq: DISCA, DISCB, DISCK) will report its fourth-quarter and full year 2020 results on February 22, 2021, at 7:00 a.m. ET. A conference call will follow at 8:00 a.m. ET to discuss the results. Interested parties can access the live audio webcast via the Investor Relations section of Discovery's website. A replay will be available two hours post-call until March 1, 2021, accessible by phone and via the website.

Discovery provides over 8,000 hours of original programming annually and operates across 220 countries.

The HGTV Dream Home 2021, valued at over $2.8 million, will end its sweepstakes on February 17, 2021, at 5 p.m. ET. Located in Portsmouth, Rhode Island, this 3,300 square feet home features four bedrooms, three full bathrooms, and two half-bathrooms. Entrants can participate twice daily until the closing date. The prize package includes $250,000 from Rocket Mortgage and a motorhome from Camping World. The official rules and entry details are available on HGTV.com.

Discovery, Inc. (Nasdaq: DISCA, DISCB, DISCK) has launched discovery+, a new non-fiction streaming service in the U.S. The service boasts over 55,000 episodes from popular networks like HGTV, TLC, and Animal Planet. Key distribution agreements with partners such as Vodafone and Verizon will expand its reach to 100M homes in Europe. Notable features include personalized content recommendations and a pricing structure starting at $4.99 per month. The service aims to redefine real-life entertainment streaming.

Discovery, Inc. has announced a new long-term partnership with Vodafone, providing access to Discovery's content portfolio for Vodafone customers in 12 European markets. This agreement will enable existing subscribers to enjoy discovery+, a streaming service featuring a wide range of genres, including sports, documentaries, and lifestyle content. The partnership taps into Vodafone’s approximately 100 million subscribers, aiming to enhance customer experience with comprehensive content offerings. Launching in 2021 and 2022, this collaboration positions both companies to capitalize on the growing streaming market in Europe.