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Discovery Surpasses 11 Million Streaming Subscribers
Elaine Low, provided by
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Discovery’s fourth-quarter earnings report beat forecasts early Monday, as the company also revealed numbers for its subscription streaming service.
The company reported earnings of 76 cents per share and revenue of $2.889 billion, vs. Street projections for per-share earnings of 72 cents on revenue of $2.83 billion.
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During Q4, Discovery officially entered the streaming wars with the announced launch of a standalone streaming service of its own, Discovery Plus, which debuted on Jan. 4 in the current Q1 for $4.99 to $6.99 a month. Execs there have preciously said they expect the service to have an addressable market of 70 million domestically and 400 million globally. ....

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