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Discovery (DISCK) Q2 2018 Results - Earnings Call Transcript

Aug. 07, 2018 2:49 PM ETWarner Bros. Discovery, Inc. (WBD)
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Discovery, Inc. (DISCK) Q2 2018 Earnings Call August 7, 2018 8:30 AM ET


Andrew T. Slabin - Discovery, Inc.

David M. Zaslav - Discovery, Inc.

Gunnar Wiedenfels - Discovery, Inc.


Drew Borst - Goldman Sachs & Co. LLC

David Joyce - Evercore Group LLC

Michael Morris - Guggenheim Securities LLC

Steven Cahall - RBC Capital Markets LLC

Alexia S. Quadrani - JPMorgan Securities LLC

Jessica Jean Reif Cohen - Bank of America Merrill Lynch

Todd Michael Juenger - Sanford C. Bernstein & Co. LLC

Michael Brian Nathanson - MoffettNathanson LLC


Good day, ladies and gentlemen, and welcome to the Second Quarter 2018 Discovery, Inc. Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we'll conduct a question-and-answer session and instructions will be given at that time. As a reminder, this call may be recorded.

It is now my pleasure to introduce Executive Vice President of Global Investor Strategy, Mr. Andrew Slabin. Please go ahead.

Andrew T. Slabin - Discovery, Inc.

Good morning, everyone. Thank you for joining us today for Discovery's 2018 Second Quarter Earnings Call. Joining me today is David Zaslav, our President and Chief Executive Officer; and Gunnar Wiedenfels, our Chief Financial Officer.

You should have received our earnings release, but if not, feel free to access is on our website at corporate.discovery.com. On today's call, we will begin with some opening comments from David and Gunnar, after which we will open up the call for your questions. Please try to keep to one or two so we can accommodate as many folks as possible.

Before we start, I would like to remind you that comments today regarding the company's future business plans, prospects and financial performance are forward-looking statements that we make pursuant to the safe harbor provisions of the Private

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