Discovery: Q3 misses estimates
(CercleFinance.com) - Discovery has published Q2 adjusted EPS of 66 cents, therefore missing the consensus by about 20 cents, with it announcing adjusted OIBDA of 1.
21 billion dollars, up 5 % in pro-forma terms.
At 2.84 billion dollars, the pay-TV group's revenues increased 69% due to currency fluctuations and the Scripps Networks, Motor Trend Group and Oprah Winfrey Network transactions, and remained broadly stable on a pro-forma basis.
“We continued to make great progress with our integration of Scripps Networks Interactive and our pivot to digital, mobile and direct to consumer products and services,” said David Zaslav, President and Chief Executive Officer for Discovery.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
21 billion dollars, up 5 % in pro-forma terms.
At 2.84 billion dollars, the pay-TV group's revenues increased 69% due to currency fluctuations and the Scripps Networks, Motor Trend Group and Oprah Winfrey Network transactions, and remained broadly stable on a pro-forma basis.
“We continued to make great progress with our integration of Scripps Networks Interactive and our pivot to digital, mobile and direct to consumer products and services,” said David Zaslav, President and Chief Executive Officer for Discovery.
Copyright (c) 2018 CercleFinance.com. All rights reserved.