Discovery, Inc. (DISCA) CEO David Zaslav on Q2 2019 Results - Earnings Call Transcript

8/7/19

Discovery, Inc. (NASDAQ:DISCA) Q2 2019 Results Earnings Conference Call August 6, 2019 8:30 AM ET

Company Participants

Andrew Slabin - EVP, Global Investor Strategy

David Zaslav - President and CEO

Gunnar Wiedenfels - CFO

JB Perrette - President and CEO, Discovery Networks International

Conference Call Participants

Jessica Reif Ehrlich - Bank of America Merrill Lynch

Alexia Quadrani - JPMorgan

Drew Borst - Goldman Sachs

Doug Mitchelson - Credit Suisse

Ben Swinburne - Morgan Stanley

Michael Nathanson - MoffettNathanson

Rich Greenfield - TBD

Operator

Good day ladies and gentlemen, welcome to Discovery's Second Quarter 2019 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the conference over to Andrew Slabin, Executive Vice President of Global Investor Strategy. Sir, you may begin.

Andrew Slabin

Good morning everyone. Thank you for joining us for Discovery's second quarter 2019 earnings call. Joining me today are David Zaslav, our President and Chief Executive Officer; Gunnar Wiedenfels, our Chief Financial Officer; and JB Perrette, President and CEO, Discovery Networks International.

You should have received our earnings release, but if not feel free to access it on our website at corporate.discovery.com. On today's call, we will begin with some opening comments from David and Gunnar, and then we will open the call for David, Gunnar and JB to take questions.

Before we start, I would like to remind you that comments today regarding the company's future business plans, prospects and financial performance are forward-looking statements that we make pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are made based on management's current knowledge and assumptions about future events, and may involve risks and uncertainties that could cause actual results to differ materially from our expectations.

In providing projections and other forward-looking statements, the company disclaims any intent or obligation to update them. For additional information on important factors that could affect these expectations, please see our Annual Report for the year ended December 31, 2018 and our subsequent filings made with the U.S. Securities and Exchange Commission.

And with that, I will turn the call over to David.

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