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On January 10, 2022, Discovery, Inc. (NASDAQ: DISCA, DISCB, DISCK) announced it will become a minority owner of OpenAP, joining FOX, NBCUniversal, and ViacomCBS in this advanced advertising joint venture. This investment strengthens Discovery's role in audience-based advertising, following prior integrations and partnerships, including the launch of XPm. With OpenAP, Discovery aims to improve cross-platform audience buying and contribute to its corporate strategy. OpenAP is projected to achieve a 140% growth in publisher-driven advertising sales for FY 2022, totaling half a billion dollars.
Discovery (Nasdaq: DISCA, DISCB, DISCK) announced that JB Perrette, President and CEO of Discovery Streaming and International, will present at the MoffettNathanson Streaming Wars Summit on December 15, 2021, at 10:00 a.m. ET. An audio-only webcast will be accessible in the Investor Relations section of Discovery's website, with a replay available shortly after the event. Discovery is a global leader in real-life entertainment, offering over 8,000 hours of original programming annually across various platforms and languages.
Discovery, Inc. reported strong financial results for Q3 2021, highlighting total revenues of $3.15 billion, a 23% increase year-over-year. Notably, direct-to-consumer subscribers rose to 20 million, driven by successful content like the Summer Olympics and Shark Week. Although advertising and distribution revenues saw growth of 5% and 21% respectively in the U.S., net income dropped to $156 million, a 48% decrease from the previous year. Adjusted OIBDA fell 24% to $726 million, while free cash flow declined by 10%. The pending merger with WarnerMedia is viewed favorably for future growth.
Discovery (Nasdaq: DISCA, DISCB, DISCK) is set to announce its third-quarter 2021 results on November 3, 2021, at 7:00 a.m. ET. A conference call to discuss the results will follow at 8:00 a.m. ET. Investors can access a live audio webcast on Discovery's Investor Relations website. A replay of the call will be available approximately two hours after its completion until November 10, 2021. Discovery, a leader in real-life entertainment, produces over 8,000 hours of original content annually and operates in 220 countries.
Discovery, Inc. has announced that its streaming service, discovery+, is now available on LG Smart TVs across the U.S. This includes LG's OLED and QNED MiniLED models. The app provides access to a wide array of content, featuring over 60,000 episodes and exclusive originals. The service is highlighted for its Halloween-themed offerings throughout October. Starting at $4.99 per month, discovery+ aims to enhance the viewing experience for LG TV owners with premium, educational content. This partnership reinforces Discovery's global reach and content leadership.
Discovery, Inc. announced the launch of discovery+, its streaming service, in Canada on October 19, featuring over 60,000 episodes and 200 original series. This service will provide Canadian viewers access to popular brands and shows across various genres, including true crime and nature. Plans start at Can$4.99 per month, with an ad-free option available for Can$6.99. discovery+ will be supported by a marketing partnership with Corus Entertainment, ensuring broad outreach and a strong launch.
Discovery (Nasdaq: DISCA, DISCB, DISCK) announced that President and CEO David Zaslav will present at the Goldman Sachs 30th Annual Communacopia Conference on September 21, 2021, at 9:40 a.m. ET. A link to the live webcast will be available in the Investor Relations section of Discovery's website and an on-demand replay will follow shortly after the presentation.
Discovery is a leader in real-life entertainment, providing over 8,000 hours of original programming across various platforms, reaching audiences around the world in nearly 50 languages.
Discovery (Nasdaq: DISCA, DISCB, DISCK) announced that its Chief Financial Officer, Gunnar Wiedenfels, will present at the Bank of America Securities Media, Communications & Entertainment Conference on September 13, 2021, at 12:30 p.m. ET. A webcast link for the presentation will be available in the Investor Relations section of Discovery's website, with an on-demand replay accessible thereafter.
Discovery is a leader in real-life entertainment, delivering over 8,000 hours of original programming annually to a global audience.
Discovery announced legal action against the Polish government under the US-Poland bilateral investment treaty due to discrimination against its TVN network. The Polish Parliament passed legislation banning foreign media ownership, targeting TVN's broadcasting license renewal. This marks a continued attack on independent media in Poland, violating legal protections for freedom of expression. JB Perrette, CEO of Discovery International, emphasized the importance of defending their investment, claiming the legislation could deter further US and European investments in Poland.
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