Discovery, led by CEO David Zaslav, reported that it has reached 15 million paying subscribers worldwide to its direct-to-consumer services, includingDiscovery+.
In late February, the firm said it had reached more than 11 million paying streaming subscribers. In its second earnings report since theDiscovery+ launch early in the year, the company disclosed that it had ended the first quarter in March with more than 13 million.
Discovery also reported on Wednesday that its U.S. advertising revenue in the first quarter of 2021 fell 4 percent compared with the year-ago period; management had forecast a drop.
But U.S. distribution revenue rose in the double-digit percentage range thanks to Discovery+ and higher carriage fees. The ad decline was.
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