Strong year for Discovery

Discovery Communications has announced full year results featuring revenues increased 12 per cent to $4.235 billion and net income from continuing operations increased 75 per cent to $1.134 billion

David Zaslav, Discovery’s President and Chief Executive Officer said, “Discovery’s strong 2011 results and operating momentum exemplify the power and universal appeal of our non-fiction programming, as well as the opportunities  inherent in the global distribution platform Discovery has built over the last 27 years. Through our continued focus on creating high-quality programming and leveraging that content around the globe, as well as across a growing number of digital and consumer  platforms, we were able to take additional share of a strong global advertising market, build new brands and create additional growth drivers across our portfolio. Heading into 2012 we remain focused on taking market share globally while delivering value to  our shareholders through sustained financial results and capital returns.”

In the fourth quarter revenues of $1,122 million increased $107 million, or 11 per cent, over the fourth quarter a year ago, led by 11 per cent growth at US Networks and 12 per cent growth at International Networks.  Net income from continuing operations available to Discovery Communications stockholders of $336 million increased $142 million compared to $194 million for the fourth quarter a year ago.

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