Discovery Q2 “solid quarter of growth”
August 2, 2016
Discovery Communications has reported financial results for the second quarter ended June 30th.
The conpany saw Q2 revenues of $1,708 million (€1,521m), an increase of 3 per cent compared to the prior year, with 7 per cent growth to $873 million at US Networks. Discovery generated $408 million in net income, up 42.7 per cent vs the period last year.
“Discovery posted a solid quarter of growth and financial results by investing in premium and diversified content that fuels the passion of superfans on pay-TV, free-to-air, direct-to-consumer and digital platforms. Our differentiated portfolio of nonfiction, sports and children’s content in more than 220 markets positions Discovery for continued growth and shareholder value creation in the months and years to come,” said David Zaslav, President and CEO of Discovery Communications.