Discovery Inc’s Revenue by Segment (2016-2022)

This statistic highlights Discovery Inc’s Revenue by Segment, split between Advertising Revenue, Distribution Revenue segments, reported on quarterly basis from Q1 2017 onwards.

Discovery Inc’s Revenue by Segment

(All figures in billion, except percentages)

Financial Trends Observed:

In the year 2020, Discovery Inc. reported total revenue of $10.67 billion, which further showed a slight decrease to $9.00 billion, in the year 2021, showing a 15.65% year-on-year growth. The company earned overall revenue of $2.56 billion, which increased to $3.15 billion, representing 18.73% quarter-on-quarter growth. In Q2 2021, it made revenue of $3.06 billion, which increased by 2.9% in Q3 2021, showing quarter-on-quarter growth.

Discovery Inc. generates revenue mainly through the following segments:

Advertising Segment

Advertising Segment is the major earning source of the company among all segments. Audience ratings are the key device in generating advertising revenue. The company earns a huge amount of revenue through TV programs displayed on various channels. The company charges a high amount of carriage fees for advertisements on different channels of Discovery every month. Programs are funded by a commercial company.

Financial Trends Observed:

In the year 2020, it generated revenue of $5.58 billion, which showed a slight decrease to $4.51 billion, showing year-on-year growth of 19.17%. The advertising segment reported revenue of $1.30 billion in Q3 2020, which further increased to $1.45, with quarter-on-quarter growth of 11.53%. In Q2 2021, it reported revenue of $1.63 billion, which further slightly decreased to $1.45 billion. In Q3 2021, it contributed 11.04% to the total revenue of the company.

Distribution Segment

Distribution Segment is the second-highest revenue contributor among all segments. It facilitates content across various platforms, which includes pay television, free-to-air, and broadcast television, also through applications. It includes U.S. Networks, which primarily consist of domestic television networks and digital services. Its portfolio includes brands for television, food networks, animal planet, investigation discovery, travel channels, and science trends.

Financial Trends Observed:

In the year 2020, it reported a revenue of $4.86 billion. Further, it decreased to $4.05 billion, showing year-on-year growth of 16.67%. The distribution segment reported revenue of $1.19 billion in Q3 2020, which further increased to $1.37, with quarter-on-quarter growth of 15.12%. In Q2 2021, it reported revenue of $1.36 billion, which further increased in Q3 2021, it contributing 0.7% to the total revenue of the company.

Others Segment

Other segments generate revenue through subscription services, fees, video on demand, online streaming, and broadband channels. It also includes all the revenue, which it earns through its official website and applications.

Financial Trends Observed:

In the year 2020, other segments generated revenue of $222.00 million, which further increased to $437.00 million by 96.84%, in the year 2021. It reported revenue of $56.00 million, in Q3 2020, which further increased to $313 million in Q3 2021, with a QoQ growth of 458.92%. In Q2 2021, other segments earned revenue of $57.00 million, which rose in Q3 2021 and contributed 9.93% to the total revenue of the company.

About the Company

Discovery Inc. is a public and American multinational company. It was founded on 17 June 1985; formerly in 1994. It is headquartered in New York City of United States. Discovery Inc. primarily operates a group of lifestyle television brands, including Discovery Channel, Science Channel, Animal Planet, and TLC. It operates globally, in May 2021, it declared, and agreed to combine with WarnerMedia. The company also created an official website and many applications, where it streams with subscriptions and charges fees.

The company has created a mission to educate, inform, and inspire audiences about the world around them. It has more than 20 million paid DTC subscribers, distributes content in more than 220 countries, and in nearly 50 languages. Channel has an extensive library of content and its content and footage. Content includes survival, sports, general entertainment, exploration, natural history, food, travel, adventure, investigation and crime, kids, health, and heroes. Also operates production studios.

Recently, it introduced Discovery+. Discovery+ is an OTT video streaming platform; its main focus is on factual programming, which is drawn through the libraries of Discovery. It is a subscription-based channel through which the company charges premium fees. It was first launched in India in the year 2020, and in January 2021, it was launched in more than 20 countries. Discovery Kids, Animal Planet, TLC, HGTV, Discovery Education, Eurosport, TVN Group, and more are the subsidiaries of Discovery Inc. Discovery faces stiff competition from The Walt Disney Company, Comcast Corp.’s, DISH Network Corp. (DISH), Phoenix New Media Ltd. (FENG), and ViacomCBS Inc.

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