You will be redirected back to your article in seconds

Discovery profit jumps 70%

Revenue rises 11% to $1.2 billion

Discovery Communications, parent of Discovery Channel, Animal Planet, TLC and OWN, saw profit jumped more than 70% last quarter to $337 million from $197 million on advertising and distribution muscle at home and overseas and minus a hefty tax provision from the year earlier.

The stock was up in pre-market trading.

Revenue at the Silver Spring Md-based cable group led by David Zazlav rose 11% to $1.2 billion, with U.S. nets growing 11% to $677 million and international nets up 12% at $401 million.

Operating income rose to $388 million domestically and $172 internationally, up, respectively, 12% and 7%.

U.S. ad revenue grew 13% to $364 million.

Distribution fees were up 7% to $282 million from higher rates and subscriber growth, primarily from networks carried on the digital tier, as well as from additional licensing revenue.

International ad revenue rose 18% to $160 million and distribution grew 10% to $225 million.

For full year 2012, Discovery said it expects total revenue of between $4.45 billion and $4.575 billion, Adjusted operating income between $2.05 billion and $2.15 billion, and net income available to Discovery stockholders of $975 million to $1.075.

More TV

  • Dove Cameron Sofia Carson

    Disney Announces 'Descendants 3' for 2019

    Discovery Communications, parent of Discovery Channel, Animal Planet, TLC and OWN, saw profit jumped more than 70% last quarter to $337 million from $197 million on advertising and distribution muscle at home and overseas and minus a hefty tax provision from the year earlier. The stock was up in pre-market trading. Revenue at the Silver […]

  • Jeanine Mason

    'Roswell' Reboot Pilot Casts 'Grey's Anatomy's' Jeanine Mason in Lead Role

    Discovery Communications, parent of Discovery Channel, Animal Planet, TLC and OWN, saw profit jumped more than 70% last quarter to $337 million from $197 million on advertising and distribution muscle at home and overseas and minus a hefty tax provision from the year earlier. The stock was up in pre-market trading. Revenue at the Silver […]

  • Purveyors of Pop eOne deal

    Reality Show Producers Sued for Trashing Hawaiian Beach House

    Discovery Communications, parent of Discovery Channel, Animal Planet, TLC and OWN, saw profit jumped more than 70% last quarter to $337 million from $197 million on advertising and distribution muscle at home and overseas and minus a hefty tax provision from the year earlier. The stock was up in pre-market trading. Revenue at the Silver […]

  • Harry Connick Jr

    Harry Connick Jr. Talk Show to End After 2 Seasons (EXCLUSIVE)

    Discovery Communications, parent of Discovery Channel, Animal Planet, TLC and OWN, saw profit jumped more than 70% last quarter to $337 million from $197 million on advertising and distribution muscle at home and overseas and minus a hefty tax provision from the year earlier. The stock was up in pre-market trading. Revenue at the Silver […]

  • George Stephanopoulos

    ABC's George Stephanopoulos Lands Exclusive Interview With Ex-FBI Chief Comey

    Discovery Communications, parent of Discovery Channel, Animal Planet, TLC and OWN, saw profit jumped more than 70% last quarter to $337 million from $197 million on advertising and distribution muscle at home and overseas and minus a hefty tax provision from the year earlier. The stock was up in pre-market trading. Revenue at the Silver […]

  • SHAILENE WOODLEY LAURA DERN AND ZOE

    'Big Little Lies' Season 2: Shailene Woodley, Laura Dern, Zoë Kravitz Set to Return

    Discovery Communications, parent of Discovery Channel, Animal Planet, TLC and OWN, saw profit jumped more than 70% last quarter to $337 million from $197 million on advertising and distribution muscle at home and overseas and minus a hefty tax provision from the year earlier. The stock was up in pre-market trading. Revenue at the Silver […]

More From Our Brands

Access exclusive content