Discovery Q1 Ad Sales Fell 4%; Discovery+ Crosses 13M Subs
Discovery+ drove subscriber growth at Discovery in Q1, with the direct-to-consumer service crossing 13 million subscribers at the end of March, said CEO David Zaslav in a Wednesday report. Discovery has 15 million paying D2C subscribers globally. Q1 revenue grew…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
4% year on year to $2.8 billion. U.S. ad revenue fell 4% due to lower overall ratings, pay-TV declines and lower inventory, partially offset by higher pricing and the continued monetization of content offerings on discovery+ and TV Everywhere, said the company. Discovery+ recently launched on Comcast Xfinity and Amazon Prime Video.