Discovery Promotions ( US) fall by almost 6,5% during trading on Wednesday after, as the profit of the media company for 1 neighborhood 2021 G. did not live up to expectations.
Besides, quarterly EPS missed target, being below forecasts for $0,11.
Let's take a quick look at the results.
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The company's total revenue for the quarter was $2,79 against $2,68 a year earlier. Advertising revenue in the US dropped by 4% in annual terms - up to $980 million. The company's net profit fell in 2,7 times and amounted $140 million.
But there is good news too. So, the total share of views in the international line portfolio increased by an average of 2%. The company today has more than 15 million paying subscribers.
In our opinion, weak reporting. But, considering massive sales in March and April, this factor may already be incorporated into current prices. Paper looks interesting at current levels.
Opened a position in a subscription service. See, how will it go further.
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