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Jun 30, 2021
Warner Bros Discovery Q2 2021 Earnings Report
Discovery, Inc. reported strong results, driven by advertising revenue growth and expansion in next-generation businesses.
Key Takeaways
Discovery, Inc. reported a 21% increase in total revenues to $3,062 million for the second quarter of 2021. Net income available to Discovery, Inc. was $672 million, and diluted earnings per share was $1.01. The company ended the quarter with 17 million direct-to-consumer subscribers and generated nearly $400 million of next-generation revenues.
Total revenues increased by 21% compared to the prior year quarter.
U.S. advertising and distribution revenues both increased by 12%.
International advertising revenues increased by 88%, or 70% ex-FX.
Ended Q2 with 17 million direct-to-consumer subscribers.
Forward Guidance
Discovery may provide forward-looking commentary in connection with this earnings announcement on its quarterly earnings conference call.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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