Discovery: “Full year results solid”

Discovery Communications has reported financial results for the full year and fourth quarter ending December 31st 2016.

“Discovery’s diversified set of nonfiction, sports and kids’ entertainment brands, and strong strategic positioning continued to drive attractive distribution agreements, helping to deliver solid operating and financial results in 2016,” said David Zaslav, President and CEO, Discovery Communications. “As we begin 2017, we will continue to invest in our premier global IP and brands to nourish fans across all screens, all platforms and all services to drive shareholder value and propel our business for years to come amid the rapidly changing media landscape.”

Full year revenues of $6,497 million increased 2 per cent compared to the prior year as 5 per cent growth at US Networks and 1 per cent growth at Education and Other were partially offset by a 2 per cent decline at International Networks, primarily due to the sale of SBS Radio and currency effects.

Fourth quarter revenues of $1,672 million increased 2 per cent compared to the prior year, as 3 per cent growth at US Networks and slight growth at International Networks were partially offset by a slight decline at Education and Other.

 

You must be logged in to post a comment Login