Discovery Tops 11 Million Paid Streaming Subscribers
Company is “on pace” to hit 12 million by end of February, according to David ZaslavJennifer Maas | February 22, 2021 @ 4:11 AM Last Updated: February 22, 2021 @ 6:13 AM
Discovery+
Discovery, Inc. has topped 11 million total paid streaming subscribers since the Jan. 4, 2021 debut of Discovery+ and the company is “on pace” to hit 12 million SVOD subs by the end of February.
“We are off to a promising start in 2021 with the successful launch of discovery+,” CEO David Zaslav said in a statement Monday when unveiling the company’s fourth-quarter and full-year 2020 earnings. “We have now surpassed 11 million total paying direct-to-consumer subscribers globally and are on pace to be at 12 million by the end of the month, underscoring the value of the investments we’ve made in content, beloved personalities and brands with huge consumer appeal, supported by industry-leading DTC capabilities.”
Discovery Beats on Earnings in Quarter Ahead of Discovery+ Launch
Streaming service debuted on Jan. 4, 2021Tony Maglio | February 22, 2021 @ 4:11 AM Last Updated: February 22, 2021 @ 6:10 AM
Discovery, Inc. reported a successful fourth quarter 2020 in terms of Wall Street’s expectations, at least on Monday morning. Last year’s Q4 was the final 90-day period before the “90 Day Fiancé”-heavy streaming service Discovery+ was launched on Jan. 4, 2021.
Wall Street had forecast earnings per share (EPS) of 72 cents on $2.83 billion in revenue, according to a consensus forecast compiled by Yahoo Finance. Discovery actually reported adjusted EPS of 76 cents on $2.886 billion in revenue. Net income was $271 million.