Discovery's streaming investments hit profit, shares fall

Discovery's streaming investments hit profit, shares fall

3 years ago
Anonymous $f-b3Pf4iLZ

https://www.reuters.com/article/us-discovery-results/discoverys-streaming-investments-hit-profit-shares-fall-idUSKBN2CF1F7

(Reuters) -Discovery Inc on Wednesday reported a smaller-than-expected quarterly profit, as the media company ramped up investments in its streaming platform, sending its shares tumbling 8% in early trading.

Discovery's streaming investments hit profit, shares fall

Apr 28, 2021, 2:32pm UTC
https://www.reuters.com/article/us-discovery-results/discoverys-streaming-investments-hit-profit-shares-fall-idUSKBN2CF1F7 >(Reuters) -Discovery Inc on Wednesday reported a smaller-than-expected quarterly profit, as the media company ramped up investments in its streaming platform, sending its shares tumbling 8% in early trading.