Seeking Alpha

Discovery Communications slips after revenue disappoints

  • Discovery Communications (DISCA) came in slightly short of analyst estimates on revenue for Q4 as some networks lost traction during the quarter.
  • Revenue from Discovery's U.S. Networks segment was up 5% to $740M. The international segment saw a 64% revenue jump to $758M.
  • The company says rating trends this year look favorable and should lead to a reacceleration of advertising revenue.
  • A $1.5B increase in Discovery's existing stock repurchase program takes the total authorization to $5.5B.
  • DISCA -1.3% premarket
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