DISCA Discovery

Discovery, Inc. is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks, International Networks, Education and Other, and Corporate and Inter-segment Eliminations. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science. The International Networks segment consists of international television networks and websites. The Education and Other segment offers curriculum-based product and service offerings. The Corporate and Inter-segment Eliminations segment represents unallocated corporate amounts. The company was founded by John S. Hendricks in September 1982 and is headquartered in Silver Spring, MD.
Company profile
Ticker
DISCA, DISCB, DISCK
Exchange
Website
CEO
David Zaslav
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Discovery Communications, Inc.
SEC CIK
Corporate docs
IRS number
352333914
DISCA stock data
()
News
Stocks That Hit 52-Week Highs On Monday
1 Mar 21
Tiger Woods Sustains 'Multiple Leg Injuries' In LA Car Crash
23 Feb 21
Altice USA, Discover Inc Reach Distribution Agreement
23 Feb 21
Discovery's Debt Overview
23 Feb 21
Credit Suisse Maintains Outperform on Discovery, Raises Price Target to $61
23 Feb 21
Press releases
Discovery Chief Financial Officer Gunnar Wiedenfels To Present at the 2021 Deutsche Bank Media, Internet & Telecom Conference
25 Feb 21
Discovery Chief Financial Officer Gunnar Wiedenfels To Present At The 2021 Deutsche Bank Media, Internet & Telecom Conference
25 Feb 21
Altice USA and Discovery, Inc. Reach Distribution Agreement
23 Feb 21
KULR Technology Appoints Dr. Joanna D. Massey to Board of Directors
23 Feb 21
Discovery, Inc. Reports Fourth-Quarter And Full Year 2020 Results
22 Feb 21
Calendar
22 Feb 21
2 Mar 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Financial data from Discovery earnings reports.
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
24 Feb 21 | Bennett Robert R | Series A Common Stock | Sell | Dispose S | No | No | 51.7501 | 3,173 | 164.2K | 6,768 |
24 Feb 21 | Bennett Robert R | Series A Common Stock | Sell | Dispose S | Yes | No | 51.7502 | 53,451 | 2.77M | 0 |
24 Feb 21 | Bennett Robert R | Series A Common Stock | Sell | Dispose S | Yes | No | 51.7502 | 46,549 | 2.41M | 8,364 |
24 Feb 21 | David Zaslav | Series A Common Stock | Payment of exercise | Dispose F | No | No | 51.86 | 135,032 | 7M | 2,878,471 |
24 Feb 21 | David Zaslav | Series A Common Stock | Grant | Aquire A | No | No | 0 | 485,983 | 0 | 3,013,503 |
23 Feb 21 | Advance Long-term Management Trust | Series C Common Stock | Sell | Dispose S | Yes | No | 42.15 | 11,000,000 | 463.65M | 2 |
23 Feb 21 | Advance Long-term Management Trust | Series C Common Stock | Conversion | Aquire C | Yes | No | 0 | 11,000,000 | 0 | 11,000,002 |
23 Feb 21 | Advance Long-term Management Trust | Series C-1 Convertible Participating Preferred Stock Series C Common Stock | Conversion | Dispose C | Yes | No | 0 | 568,041 | 0 | 214,053 |
23 Feb 21 | Jean-Briac Perrette | Series A Common Stock | Payment of exercise | Dispose F | No | No | 52.95 | 12,941 | 685.23K | 401,976 |
23 Feb 21 | Gunnar Wiedenfels | Series A Common Stock | Sell | Dispose S | No | No | 51.502 | 46,296 | 2.38M | 218,963 |
Institutional ownership Q4 2020
13F holders |
Current |
---|---|
Total holders | 668 |
Opened positions | 231 |
Closed positions | 66 |
Increased positions | 294 |
Reduced positions | 97 |
13F shares |
Current |
---|---|
Total value | 14.45B |
Total shares | 481.17M |
Total puts | 4.16M |
Total calls | 4.5M |
Total put/call ratio | 0.9 |
Largest owners |
Shares | Value |
---|---|---|
Vanguard | 50.96M | $1.4B |
BLK Blackrock | 37.81M | $1.05B |
STT State Street | 27.77M | $757.87M |
JPM JPMorgan Chase & Co. | 23.89M | $658.76M |
Clearbridge Advisors | 16.09M | $471.86M |
CS Credit Suisse | 15.22M | $456.31M |
Hotchkis & Wiley Capital Management | 14.93M | $390.95M |
MS Morgan Stanley | 10.97M | $324.39M |
FMR | 10.72M | $318.57M |
Geode Capital Management | 8.09M | $222.9M |
Financial report summary
?Risks
- There has been a shift in consumer behavior as a result of technological innovations and changes in the distribution of content, which may affect our viewership and the profitability of our business in unpredictable ways.
- Consolidation among cable and satellite providers, both domestically and internationally, could have an adverse effect on our revenue and profitability.
- Failure to renew, renewal with less favorable terms, or termination of our distribution agreements may cause a decline in our revenue.
- Interpretation of some terms of our distribution agreements may have an adverse effect on the distribution payments we receive under those agreements.
- We face cybersecurity and similar risks, which could result in the disclosure of confidential information, disruption of our programming services, damage to our brands and reputation, legal exposure and financial losses.
- The ongoing COVID-19 pandemic has disrupted, and is expected to continue to disrupt our business operations and poses risks to our business, results of operations and financial position, the nature and extent of which are highly uncertain, rapidly changing and unpredictable.
- The COVID-19 pandemic has caused substantial disruption in financial markets and economies worldwide, both of which could result in adverse effects on our business, operations, stock price and ability to raise capital.
- We are subject to risks related to our international operations.
- Global economic conditions may have an adverse effect on our business.
- As a company that has operations in the United Kingdom, the United Kingdom’s withdrawal from the E.U. could have an adverse impact on our business, results of operations and financial position.
- Foreign exchange rate fluctuations may adversely affect our operating results and financial conditions.
- Increasing complexity of global tax policy and regulations could adversely impact our international business and results of operations.
- We have a significant amount of debt and may incur significant amounts of additional debt, which could adversely affect our financial health and our ability to react to changes in our business.
- Our ability to incur debt and the use of our funds could be limited by the restrictive covenants in the loan agreement for our revolving credit facility.
- Financial performance for our equity method investments and investments without readily determinable fair value may differ from current estimates.
- As a holding company, we could be unable to obtain cash in amounts sufficient to meet our financial obligations or other commitments.
- We have directors in common with those of Liberty Media Corporation (“Liberty Media”), Liberty Global plc (“Liberty Global”), Qurate Retail Group f/k/a Liberty Interactive Corporation (“Qurate Retail”), Liberty Broadband Corporation ("Liberty Broadband"), and Liberty Latin America Ltd ("LLA"), which may result in the diversion of business opportunities or other potential conflicts.
- We have directors that are also related persons of Advance/Newhouse and that overlap with those of the Liberty Entities, which may lead to conflicting interests for those tasked with the fiduciary duties of our board.
- Holders of any single series of our common stock may not have any remedies if any action by our directors or officers has an adverse effect on only that series of common stock.
- If Advance/Newhouse were to exercise its registration rights, it may cause a significant decline in our stock price, even if our business is doing well.
- John C. Malone and Advance/Newhouse each have significant voting power with respect to corporate matters considered by our stockholders.
- Theft of our content, including digital copyright theft and other unauthorized exhibitions of our content, may decrease revenue received from our programming and adversely affect our businesses and profitability.
- Domestic and foreign laws and regulations could adversely impact our operating results.
- Financial markets are subject to volatility and disruptions that may affect our ability to obtain or increase the cost of financing our operations and our ability to meet our other obligations.
- Acquisitions and other strategic transactions present many risks and we may not realize the financial and strategic goals that were contemplated at the time of any transaction.
- Our inability to successfully acquire and integrate other businesses, assets, products or technologies could harm our operating results.
- The loss of key personnel or talent could disrupt our business and adversely affect our revenue.
Management Discussion
- The impact of exchange rates on our business is an important factor in understanding period-to-period comparisons of our results. For example, our international revenues are favorably impacted as the U.S. dollar weakens relative to other foreign currencies, and unfavorably impacted as the U.S. dollar strengthens relative to other foreign currencies. We believe the presentation of results on a constant currency basis (ex-FX), in addition to results reported in accordance with GAAP provides useful information about our operating performance because the presentation ex-FX excludes the effects of foreign currency volatility and highlights our core operating results. The presentation of results on a constant currency basis should be considered in addition to, but not a substitute for, measures of financial performance reported in accordance with GAAP.
Content analysis
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Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
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Removed:
adult, Africa, African, AHC, alternate, Appointment, arrive, attention, Avenue, backlog, Belgium, Betty, Bizarre, blanket, Born, borrowed, bridge, build, capture, CEEMEA, Central, Chile, cohesive, combine, combining, commitment, compare, condensed, conform, consolidating, controlled, correlate, deadline, deconsolidation, deferral, deter, detrimental, devote, devoted, doubtful, drawn, economically, educational, electric, enactment, encounter, Enthusiast, exchanged, exemplifying, expanding, expensing, extending, floor, freely, granting, Hall, hard, harrowing, hinder, hybrid, identification, immigration, indefinite, ineffective, integral, involuntary, Island, Japan, leasehold, led, letter, lived, lowering, Luxembourg, medium, Mega, minute, motor, move, moving, NY, OnDemand, opening, optimize, OTT, panel, Permissible, persuasive, pose, presenting, prohibition, pronouncement, provisional, publication, pushed, quantify, racing, ranged, Raw, realization, referenced, reinstating, releasing, remarkable, reposition, Russian, selected, simplify, solar, SourceFed, stranded, student, successor, swingline, Tamron, TCJA, territorial, trend, uncollectible, USD, VTEN
Financial reports
10-K
2020 FY
Annual report
22 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
5 Aug 20
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
27 Feb 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q
2019 Q2
Quarterly report
6 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
1 Mar 19
10-Q
2018 Q3
Quarterly report
9 Nov 18
Current reports
8-K
Discovery, Inc. Reports Fourth-quarter and Full Year 2020 Results
22 Feb 21
8-K
Other Events
19 Feb 21
8-K
Other Events
11 Feb 21
8-K
Other Events
22 Dec 20
8-K
Departure of Directors or Certain Officers
14 Dec 20
8-K
Amendments to Articles of Incorporation or Bylaws
13 Nov 20
8-K
Discovery, Inc. Reports Third-quarter 2020 Results
5 Nov 20
8-K
Departure of Directors or Certain Officers
25 Sep 20
8-K
Entry into a Material Definitive Agreement
21 Sep 20
8-K
Other Events
15 Sep 20
Registration and prospectus
S-4
Registration of securities issued in business combination transactions
23 Feb 21
424B7
Prospectus with selling stockholder info
22 Dec 20
424B5
Prospectus supplement for primary offering
8 May 20
FWP
Free writing prospectus
7 May 20
424B3
Prospectus supplement
7 May 20
424B5
Prospectus supplement for primary offering
17 May 19
FWP
Free writing prospectus
16 May 19
424B3
Prospectus supplement
16 May 19
S-3ASR
Automatic shelf registration
1 May 19
424B3
Prospectus supplement
26 Mar 19
Proxies
DEFA14A
Additional proxy soliciting materials
29 Apr 20
DEF 14A
Definitive proxy
29 Apr 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
DEF 14A
Definitive proxy
22 Mar 19
DEF 14A
Definitive proxy
27 Mar 18
DEFA14A
Additional proxy soliciting materials
27 Mar 18
DEF 14A
Definitive proxy
4 Apr 17
DEFA14A
Additional proxy soliciting materials
4 Apr 17
PX14A6G
Letter to shareholders
5 May 16
PX14A6G
Letter to shareholders
20 Apr 16
Other
EFFECT
Notice of effectiveness
27 Mar 19
UPLOAD
Letter from SEC
22 Oct 18
EFFECT
Notice of effectiveness
18 Oct 17
CORRESP
Correspondence with SEC
16 Oct 17
UPLOAD
Letter from SEC
11 Oct 17
CORRESP
Correspondence with SEC
27 Sep 17
CORRESP
Correspondence with SEC
14 Sep 17
UPLOAD
Letter from SEC
4 Sep 17
UPLOAD
Letter from SEC
25 Oct 16
CORRESP
Correspondence with SEC
13 Oct 16
Ownership
4
Discovery / David Zaslav ownership change
26 Feb 21
4
Discovery / ROBERT R BENNETT ownership change
26 Feb 21
4
Discovery / Adria Alpert-Romm ownership change
25 Feb 21
4
Discovery / David Leavy ownership change
25 Feb 21
4
Discovery / Bruce Campbell ownership change
25 Feb 21
4
Discovery / Savalle Sims ownership change
25 Feb 21
4
Discovery / KENNETH W LOWE ownership change
25 Feb 21
4
Discovery / Gunnar Wiedenfels ownership change
25 Feb 21
4
Discovery / Jean-Briac Perrette ownership change
25 Feb 21
4
Discovery / Adria Alpert-Romm ownership change
24 Feb 21
Patents
APP
Utility
Vehicle Identification System and Method
30 Dec 20
The system and method are configured to identify cars and obtain information about the identified cars.
GRANT
Utility
Vehicle identification system and method
21 Sep 20
The system and method are configured to identify cars and obtain information about the identified cars.
GRANT
Utility
Satellite and central asset registry systems and methods and rights management systems
7 Sep 20
A central asset registry and associated satellite registries tie Digital Asset Management (DAM) repositories and satellite repositories into a unified enterprise system.
APP
Utility
Vehicle Identification System and Method
15 Jul 20
The system and method are configured to identify cars and obtain information about the identified cars.
APP
Utility
Hideaway Storage Rack
5 Feb 20
A storage rack having a hidden section for storing additional items includes a stepped upper member, an open space, at least one open side, one or more slide-out trays, and a plurality of substantially vertical walls.
Transcripts
2020 Q3
Earnings call transcript
5 Nov 20
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
6 May 20
2019 Q4
Earnings call transcript
27 Feb 20
2019 Q3
Earnings call transcript
7 Nov 19
2019 Q2
Earnings call transcript
6 Aug 19
2019 Q1
Earnings call transcript
2 May 19
2018 Q4
Earnings call transcript
26 Feb 19
2018 Q1
Earnings call transcript
8 May 18
2017 Q3
Earnings call transcript
2 Nov 17
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22 Feb 21
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22 Feb 21
Upcoming Earnings for the week of February 22nd, 2021
21 Feb 21
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20 Feb 21
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