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Discovery DISCOVERY , INC . REPORTS FIRST - QUARTER 2021 RESULTS New York , NY - April 28 , 2021 : Discovery , Inc. ( “ Discovery ” or the “ Company ” ) ( NASDAQ : DISCA , DISCB , DISCK ) today reported financial results for the quarter ended March 31 , 2021 . David Zaslav , President and Chief Executive Officer of Discovery said , " The global rollout of discovery + is off to a fantastic start by any measure . Key metrics , including subscriber additions , customer engagement , and retention , are exceeding our expectations and demonstrating sustained momentum into the second quarter . We now have 15 million total paying direct - to - consumer subscribers across our global portfolio driven primarily by discovery + , having crossed 13 million total paying direct - to - consumer subscribers at the end of March . Our strong direct - to - consumer performance underscores the outstanding value and appeal of our content , brands and personalities to both consumers and distribution partners alike . We continue to expand the reach of discovery + with recent launches on Comcast Xfinity and Amazon Prime Video Channels . At the same time , we continue to extend our overall engagement with viewers across screens , anchored by another quarter as the most - watched pay - TV portfolio in the U.S. and our seventh consecutive quarter of international share growth . " First - Quarter 2021 Financial Highlights • • Total revenues of $ 2,792 million increased 4 % compared to the prior year quarter , or increased 3 % ex - FX . ( ¹ ) - U.S. advertising revenues decreased 4 % and distribution revenues increased 12 % ; and - International advertising revenues increased 16 % , or increased 8 % ex - FX , and distribution revenues were flat , or decreased 2 % ex - FX . Net income available to Discovery , Inc. was $ 140 million and diluted earnings per share was $ 0.21 . Total Adjusted OIBDA ( 2 ) was $ 837 million . Cash provided by operating activities was $ 269 million and free cash flow ( 3 ) was $ 179 million . Three Months Ended March 31 , Dollars in millions , except per share amounts 2021 2020 % Change Total revenue $ 2,792 $ 2,683 4 % Ex - FX ( ¹ ) 3 % Net income available to Discovery , Inc. $ 140 $ 377 ( 63 ) % U.S. Networks Adjusted OIBDA 823 1,016 ( 19 ) % International Networks Adjusted OIBDA 151 207 ( 27 ) % ( 21 ) % Total Adjusted OIBDA ( 4 ) $ 837 $ 1,113 ( 25 ) % ( 24 ) % Diluted Earnings Per Share $ 0.21 $ 0.55 ( 62 ) % Cash provided by operating activities $ 269 $ 335 ( 20 ) % Free cash flow $ 179 $ 230 ( 22 ) % Operational Highlights • Ended Q1 with 13 million global next generation paying direct - to - consumer subscribers . Launched discovery + on Comcast Xfinity and Amazon Prime Video Channels in the U.S. , Starzplay in MENA , and on Samsung Smart TVs and Amazon Fire TV devices in the U.K. and Ireland . Total share of viewing across the international linear portfolio grew 2 % on average in Q1 , marking seven consecutive quarters of year - over - year share improvement . ( 5 ) For Q1 , Discovery was the # 1 most - watched pay - TV portfolio in the U.S. among key demographics and was the # 1 pay - TV portfolio for engagement ( 7 ) , driven in part by TLC , which was the # 1 cable network among our key female demographics . ( 8 ) 1