The company, led by CEO David Zaslav, disclosed its fourth-quarter results.
Discovery, led by CEO David Zaslav, said on Thursday that it reached 22 million paying streaming subscribers worldwide to its direct-to-consumer services, including Discovery+, as of the end of 2021, up from 20 million as of Sept. 30.preview forecast a streaming subscriber gain of 2 million in the final quarter of 2021, with the company’s results being in line with that.
In its fourth-quarter earnings report, the company also recorded a U.S. advertising revenue gain of 5 percent despite global supply chain issues, while its U.S. distribution rose in the double-digit percentage rate, helped by Discovery+. The firm beat most financial estimates, but adjusted earnings per share came in below expectations.
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