Warner Bros Discovery Q3 2021 Earnings Report
Key Takeaways
Discovery, Inc. reported strong third-quarter results with a 23% increase in total revenues, driven by growth in both advertising and distribution revenues. The company's direct-to-consumer business also saw significant growth, reaching 20 million paid subscribers. However, net income available to Discovery, Inc. decreased by 48% compared to the prior year quarter.
Total revenues increased by 23% to $3,150 million.
Direct-to-consumer business grew to 20 million paid subscribers.
U.S. advertising revenues increased by 5% and distribution revenues increased by 21%.
International advertising revenues increased by 28% and distribution revenues increased by 7%.
Warner Bros Discovery
Warner Bros Discovery
Warner Bros Discovery Revenue by Segment
Forward Guidance
Discovery may provide forward-looking commentary in connection with this earnings announcement on its quarterly earnings conference call.