Discovery’s Stream Dream: From 20 Million to 22 Million in Just 3 Months! 📺✨
TL;DR; Discovery ends 2021 on a high note with a whooping 22 million streaming subscribers. The jump is mainly thanks to Discovery+. The revenue is up, but there are some hits and misses financially. Also, BIG merger news! WarnerMedia might soon be on the Discovery team. 🤝
Hold onto your remote controls, folks! Discovery, the channel that brought you all those late-night documentaries about sharks and aliens, is now swimming in the digital sea 🌊 with a big catch.
They wrapped up 2021 boasting an impressive 22 million streaming subscribers. That’s like adding the entire population of Sri Lanka to their fan club in just a year. 🌍 But, where are all these subscribers tuning in from? Well, the big hint is Discovery+. Though they played a little hard to get with the exact numbers. 😉
Money talk 💰 – Fourth quarter turned out quite unpredictable for Discovery. Some Wall Street geniuses predicted earnings of 83 cents per share with $3.12 billion in revenue. But here’s the gag: Discovery took a swing and… kind of missed? They landed at 8 cents per share, but hey, they brought in $3.187 billion in revenue. That’s like missing the bullseye but still hitting the dartboard. 🎯 And while their revenue went up by 10%, expenses did a sneaky +1% and ended at 11%. Can we blame the costs of their upcoming merger with WarnerMedia for that? Maybe. 🤷
Speaking of which, David Zaslav, the Big Boss at Discovery, is hyped about the merger. And why wouldn’t he be? Combining powers with WarnerMedia sounds like a superhero team-up straight out of a blockbuster. 🦸🎥 Can we expect Batman to star in the next Shark Week?
Zaslav praises 2021 for being an “exceptional year”. With global advertising revenues soaring by 10%, almost $4 billion of cold hard cash in the vault, and shining achievements like broadcasting Winter and Summer Olympic Games across Europe, things are looking peachy. 🍑
And the highlight of the party? The $43 billion merger with WarnerMedia. Just waiting for a “yea or nay” from Discovery’s shareholders. The countdown has begun for an investor day on March 11. But here’s the spicy bit: Zaslav will be the captain of this new ship. ⚓️
But wait! What’s that? 🕰 The U.S. stock market is reopening soon and the stock prices? Discovery closed at $28.21 per share. And for those who really want to dive deep, you can tune into an 8 a.m. ET conference call with Zaslav and the crew.
Disclaimer: This article does not offer investment advice. Always consult with a professional before making any investment decisions.
🔥 Hot Take 🔥: In an age where every channel and their grandmother is launching a streaming service, Discovery’s rising numbers and the WarnerMedia merger could make them a formidable player in the streaming wars. What do you think? Will Discovery become the next binge-watching hotspot? 🍿👀 What shows are you hoping for in this mega merger? Do let us know! 👇