Discovery (DISCA) Stock Price

Discovery Price

Delisted

Revenue has compounded at 17.8% per year over the past 19 years to 12.19 B USD. Earnings per share have grown at 11.6% per year over the last 17 years. Discovery's net margin stands at 8.3%, up from -4.9% several years earlier. Of 29 analysts, 15 rate the stock a buy — an overall Buy consensus.

Discovery stock price

Volume
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Stock Price

How to Read This Chart

This chart tracks the historical stock price of Discovery over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Discovery stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Discovery's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Discovery Stock Price History
DateDiscovery Price
Access this data via the Eulerpool API

Discovery Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2019
11.14 B USD
3.26 B USD
2.07 B USD
Jan 1, 2020
10.67 B USD
2.78 B USD
1.22 B USD
Jan 1, 2021
12.19 B USD
1.98 B USD
1.01 B USD
Jan 1, 2022 (e)
13.01 B USD
2.51 B USD
1.53 B USD
Jan 1, 2023 (e)
13.23 B USD
2.72 B USD
1.73 B USD
Jan 1, 2024 (e)
13.87 B USD
2.97 B USD
1.74 B USD
Jan 1, 2025 (e)
13.90 B USD
3.14 B USD
1.81 B USD
Jan 1, 2026 (e)
14.36 B USD
3.42 B USD
1.93 B USD

Discovery Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 23, 2026, 1:50 AM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
SHARESM
201120122013201420152016201720182019202020212022e2023e2024e2025e2026e
4.174.495.546.276.396.506.8710.5511.1410.6712.1913.0113.2313.8713.9014.36
12.477.6523.3613.192.061.615.7953.545.60-4.2414.246.721.714.810.253.27
71.7972.8569.4966.1063.3662.5761.8266.7966.3364.2862.1462.1462.1462.1462.1462.14
2.993.273.854.144.054.074.257.057.396.867.588.088.228.628.648.92
1.701.871.972.122.052.052.153.033.262.781.982.512.722.973.143.42
40.8841.5635.6333.8432.0931.6031.3028.7129.2326.0316.2319.3220.5521.4422.5823.78
1.130.941.071.141.031.19-0.340.592.071.221.011.531.731.741.811.93
73.62-16.7013.796.06-9.1415.47-128.22-276.26248.32-41.08-17.4752.1913.000.753.736.86
405.00759.00722.00687.00656.00610.00384.00688.00711.00672.00664.00664.00664.00664.00664.00664.00
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Discovery generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Discovery retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Discovery's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Discovery has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Discovery's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Discovery stock margins

The Discovery margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Discovery. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Discovery.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2017
61.82 %
31.30 %
-4.90 %
Jan 1, 2018
66.79 %
28.71 %
5.63 %
Jan 1, 2019
66.33 %
29.23 %
18.57 %
Jan 1, 2020
64.28 %
26.03 %
11.42 %
Jan 1, 2021
62.14 %
16.23 %
8.25 %
Jan 1, 2022 (e)
62.14 %
19.32 %
11.77 %
Jan 1, 2023 (e)
62.14 %
20.55 %
13.08 %
Jan 1, 2024 (e)
62.14 %
21.44 %
12.57 %

Discovery Stock Revenue, EBIT, Earnings per Share

The Discovery earnings per share therefore indicates how much revenue Discovery has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2017
17.90 USD
5.60 USD
-0.88 USD
Jan 1, 2018
15.34 USD
4.40 USD
0.86 USD
Jan 1, 2019
15.67 USD
4.58 USD
2.91 USD
Jan 1, 2020
15.88 USD
4.13 USD
1.81 USD
Jan 1, 2021
18.36 USD
2.98 USD
1.52 USD
Jan 1, 2022 (e)
25.60 USD
3.79 USD
3.01 USD
Jan 1, 2023 (e)
26.04 USD
4.10 USD
3.41 USD
Jan 1, 2024 (e)
27.29 USD
4.48 USD
3.43 USD

Discovery business model & stock analysis

The company Discovery Inc is a leading media conglomerate and one of the most well-known media companies in the world. It was founded in 1985 by media mogul John Hendricks under the name Discovery Communications. The company's focus is on producing high-quality TV programs and documentaries that are broadcasted in over 220 countries. Discovery Inc is now one of the largest international media and entertainment companies with locations on six continents. The company operates 18 channels, including the popular Discovery Channel. Other channels such as Animal Planet, TLC, Investigation Discovery, and Science Channel complement the portfolio. The company's business model is based on a wide range of TV programs and documentaries that offer viewers a unique and exciting experience. It generates revenue from various sources, including advertising and subscription fees from cable and satellite operators. In recent years, the company has also invested in on-demand and streaming content. Discovery Inc operates different divisions that are specialized and geared towards specific interests and target audiences. The most well-known divisions are Discovery Channel, Animal Planet, and TLC, each with its own program offering focused on specific topics. Discovery Channel provides high-quality documentaries and TV programs on science, technology, history, and adventure. Animal Planet specializes in animal documentaries giving fascinating insights into the world of animals. TLC focuses on lifestyle topics and offers shows related to various aspects of life. In addition to TV programs and documentaries, Discovery Inc has also developed a range of products that reflect the interests and passions of its viewers. These include DVDs, Blu-rays, books, games, clothing, and memorabilia. In conclusion, Discovery Inc has become one of the leading international media and entertainment conglomerates in recent decades. Viewers appreciate the high quality and diverse range of TV programs and documentaries. The company's strong brand and popularity have enabled it to develop a wide range of products. It remains a significant player in the entertainment media industry.

Discovery SWOT Analysis

Strengths

Discovery Inc. is a global media company with a diverse portfolio of brands and content, providing a significant competitive advantage.

The company has a strong presence in the international market with its popular channels, resulting in a wide reach and a large audience base.

Discovery Inc. has a robust library of content, including exclusive programming and high-quality documentary content, giving them a unique selling point.

Weaknesses

The company heavily relies on advertising revenue, which can fluctuate with economic conditions, impacting its financial stability.

Discovery Inc. faces increasing competition from streaming services and online platforms, which may pose a threat to its traditional cable and satellite TV business model.

The company's dependence on a few key networks for a significant portion of its revenue exposes it to potential risks if these networks face challenges or decline in popularity.

Opportunities

There is a growing demand for online streaming and digital content consumption, presenting an opportunity for Discovery Inc. to expand its digital offerings and reach a wider audience.

Partnerships and collaborations with other media companies and streaming platforms can help the company diversify its distribution channels and tap into new markets.

The company can leverage its strong brand reputation and established presence to explore international expansion in emerging markets, where the demand for quality content is rising.

Threats

Intense competition within the media industry can make it challenging for Discovery Inc. to maintain and grow its market share.

Changing viewer preferences and trends towards ad-free or personalized content consumption may require the company to adapt its business model accordingly.

Regulatory changes or restrictions on media ownership and content distribution may impact the company's operations and limit its growth potential.

Discovery Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Discovery historical P/E ratio, EBIT multiple, and P/S ratio

Discovery annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Discovery shares outstanding

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Number of stocks
Details
Date
Number of stocks
Jan 1, 2017
384.00 M Stocks
Jan 1, 2018
688.00 M Stocks
Jan 1, 2019
711.00 M Stocks
Jan 1, 2020
672.00 M Stocks
Jan 1, 2021
664.00 M Stocks
Jan 1, 2022 (e)
664.00 M Stocks
Jan 1, 2023 (e)
664.00 M Stocks
Jan 1, 2024 (e)
664.00 M Stocks

Current Discovery forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy51.72 % (15)
Hold48.28 % (14)
Sell0.00 % (0)
12M Price Target
40.80
Last Price
0.00
Currency
USD
12M Return Potential
0 %
LTM Return
0 %

Discovery Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/22/20230.79USD3.34 BUSD2022 Q4
11/1/20220.67USD3.02 BUSD2022 Q3
8/1/20220.88USD3.24 BUSD2022 Q2
4/27/20220.61USD3.20 BUSD2022 Q1
2/24/20220.85USD3.17 BUSD2021 Q4
11/3/20210.42USD3.19 BUSD2021 Q3
8/3/20210.89USD3.03 BUSD2021 Q2
4/28/20210.67USD2.82 BUSD2021 Q1
2/22/20210.74USD2.87 BUSD2020 Q4
11/5/20200.67USD2.52 BUSD2020 Q3
...

Discovery Supply Chain

Discovery Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Name1M3M6M1Y2YTrend
1
Nielsen Hld
Supplier
0.86
0.81
0.59
0.54
0.71
2
La-Z-Boy
Supplier
0.86
0.70
0.82
0.60
0.65
3
0.84
0.07
0.02
0.38
0.62
4
Roku-A Rg
Supplier
0.84
0.72
-0.28
0.38
0.55
5
0.67
-0.20
-0.73
0.24
0.54
#Name1M3M6M1Y2YTrend
1
Corus Entertainment Inc.
0.35
-0.08
-0.06
2
Equinix Inc
Supplier
-0.12
-0.66
-0.91
-0.65
-0.17
3
0.33
0.56
0.44
0.23
-0.05
4
0.21
-0.22
-0.17
-0.04
5
0.81
0.72
0.82
-0.27
-0.03

Frequently asked questions about Discovery

The business model of Discovery Inc. revolves around media and entertainment. Discovery Inc. operates as a global mass media company, offering a wide range of content across various platforms. It primarily focuses on factual entertainment, such as documentaries, reality shows, and non-fiction programming. By creating and distributing compelling and educational content, Discovery Inc. aims to engage and entertain audiences worldwide. Emphasizing on innovation and quality, Discovery Inc. has grown to become a leading name in the media industry, captivating viewers with its diverse and informative programming.

All fundamentals and in-depth analysis of Discovery

Our stock analysis for Discovery stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Discovery. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.