Discovery CFO Says He's 'Very Confident' About Prospects for 2019

The transcript discusses the company's stock performance, margin expansion, and investment strategies. It highlights the company's confidence in affiliate growth and content strategy despite competition and cord-cutting trends. The discussion also covers direct-to-consumer initiatives and addresses M&A speculations, emphasizing the focus on executing the current strategy to deliver shareholder value.

What was one of the main reasons for investor disappointment despite the company's strong performance?

• Decrease in stock value

• Failure to meet guidance metrics

• Lack of specific guidance for 2019

• High competition from Netflix

How did the company manage to fund its investments in digital and direct-to-consumer offerings?

• Through growth in free cash flow

• Through external funding

• By increasing subscription fees

• By cutting operational costs

What is the company's outlook on affiliate growth despite the trend of cord-cutting?

• Predicting a significant drop in subscribers

• Projecting growth acceleration to mid-single digits

• Anticipating flat growth

• Expecting a decline in growth

How does the company view its competition with Netflix in the nonfiction content space?

• As a major threat to its business

• As a challenge that has always existed

• As an opportunity to collaborate

• As a reason to exit the market

What is the company's approach towards potential direct-to-consumer efforts with its content?

• Focusing solely on traditional broadcasting

• Exploring opportunities for immersive experiences

• Avoiding any new initiatives

• Relying on third-party platforms