Discovery reports “steady global growth”
February 18, 2016
Discovery Communications has reported financial results for the full year and fourth quarter ended December 31st 2015.
“In 2015, Discovery Communications continued to build momentum with our unmatched worldwide brands and leading multiplatform distribution network. We surpassed 3 billion cumulative viewers, launched more new networks and increased audience and market share, all of which helped to drive steady global growth and strong financial results,” said David Zaslav, President and CEO of Discovery Communications. “Propelled by our category leadership, broad rights ownership and content and brand expansion across platforms, Discovery is well positioned to thrive in the rapidly evolving media landscape and to drive continued shareholder value in the years ahead.”
Full Year Results
Full year revenues of $6,394 million increased $129 million, or 2 per cent, compared to the prior year, as 6 per cent growth at US Networks was partially offset by a 2 per cent decline at International Networks, primarily due to currency effects.
Fourth Quarter Results
Q4 revenues of $1,646 million decreased 2 per cent compared to the fourth quarter a year ago, as 6 per cent growth at US Networks was more than offset by an 8 per cent decline at International Networks primarily due to currency effects.