Discovery Communications (DISCA) is up 3.2% following yesterday's Q3 beat and guidance hike,...

|About: Discovery Inc A (DISCA)|By:, SA News Editor

Discovery Communications (DISCA) is up 3.2% following yesterday's Q3 beat and guidance hike, fueled in part by the revenue obtained from its licensing deal with Netflix (NFLX). UBS estimates the Netflix deal padded Discovery's OIBDA by $0.11/share, and will boost Discovery's U.S. distribution revenue growth by 200-300 bps over the next 7 quarters. (transcript)