Discovery surpassed financial expectations in the second quarter of 2021, when advertising sales and growth at Discovery+ made for a solid three-month period.
Wall Street had forecast earnings per share (EPS) of 85 cents on $2.97 billion in revenue, according to a consensus estimate of media analysts compiled by Yahoo Finance. Discovery, Inc. beat on both of those, reporting diluted EPS of $1.01 on $3.06 billion in revenue.
The company’s revenue grew 21% from the comparable quarter last year, which was the first full COVID quarter in the U.S. Net income this time around was $672 million.
Discovery said this morning it had 17 million direct-to-consumer (DTC) subscribers at the end of the quarter and 18 million today.