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    DISCA   US25470F1049

DISCOVERY, INC.

(DISCA)
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Discovery's revenue tops estimates on higher advertising

02/27/2018 | 07:51am EDT
FILE PHOTO: The Discovery Communications headquarters building is seen in Silver Spring

(Reuters) - Discovery Communications Inc's (>> Discovery Communications Inc.) revenue topped analysts' forecasts in the fourth quarter as the owner of Discovery Channel and Animal Planet benefited from higher advertising income across its networks.

(Reuters) - Discovery Communications Inc's (>> Discovery Communications Inc.) revenue topped analysts' forecasts in the fourth quarter as the owner of Discovery Channel and Animal Planet benefited from higher advertising income across its networks.

Discovery said on Tuesday advertising revenue from its U.S. networks rose 8 percent in the quarter ended Dec. 31, while ad revenue from international networks climbed 11 percent.

The company also said it expects to close its $14.6 billion acquisition of U.S. peer Scripps Network Interactive (>> Scripps Networks) by the end of the first quarter of 2018. Discovery is awaiting the completion of a review by regulators in Ireland.

Discovery said its net loss was $1.14 billion in the fourth quarter, compared to a profit of $304 million, a year earlier. Results included a $1.3 billion one-time goodwill impairment charge.

Excluding one-time items, Discovery earned 47 cents per share.

Revenue rose 11.5 percent to $1.86 billion, beating analysts' estimates of $1.79 billion, according to Thomson Reuters I/B/E/S.

Shares of Silver Spring, Maryland-based Discovery rose 1.3 percent in premarket trading on Tuesday.

(Reporting by Sonam Rai in Bengaluru; Editing by Sai Sachin Ravikumar)

Stocks treated in this article : Discovery Communications Inc., Scripps Networks

ę Reuters 2018
Stocks mentioned in the article
ChangeLast1st jan.
DISCOVERY, INC. -2.74% 23.945 Delayed Quote.-18.11%
SILVER 0.08% 24.165 Delayed Quote.-6.81%
THOMSON REUTERS CORPORATION 0.01% 146.8 Delayed Quote.40.90%
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Analyst Recommendations on DISCOVERY, INC.
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Financials (USD)
Sales 2021 12 149 M - -
Net income 2021 1 267 M - -
Net Debt 2021 11 353 M - -
P/E ratio 2021 13,1x
Yield 2021 -
Capitalization 16 087 M 16 087 M -
EV / Sales 2021 2,26x
EV / Sales 2022 2,07x
Nbr of Employees 9 800
Free-Float 64,2%
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Number of Analysts 23
Last Close Price 24,64 $
Average target price 38,78 $
Spread / Average Target 57,4%
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Managers and Directors
David M. Zaslav President, Chief Executive Officer & Director
Gunnar Wiedenfels Chief Financial Officer
Robert J. Miron Chairman
Avi Saxena Chief Technology Officer
David C. Leavy Chief Corporate & Operating Officer
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