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Sep 30, 2020
Warner Bros Discovery Q3 2020 Earnings Report
Discovery, Inc. reported improved financial results driven by the appeal of its content and brands.
Key Takeaways
Discovery, Inc. reported a 4% decrease in total revenues to $2,561 million for Q3 2020. Net income available to Discovery, Inc. was $300 million, with EPS at $0.44 per diluted share. Adjusted EPS was $0.81 per diluted share. The company repurchased 11.2 million Series C common shares for $228 million.
Total revenues decreased by 4% to $2,561 million compared to the prior year quarter.
Net income available to Discovery, Inc. increased 15% to $300 million.
Adjusted EPS was $0.81 per diluted share.
Free cash flow was $787 million.
Warner Bros Discovery
Warner Bros Discovery
Forward Guidance
Discovery may provide forward-looking commentary in connection with this earnings announcement on its quarterly earnings conference call.