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

  • 'Grey's Anatomy' Renewed for Season 15

    'Grey's Anatomy' Renewed for Season 15 at ABC

    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 […]

  • Jane The Virgin -- "Chapter Eighty-One"

    'Jane the Virgin' Boss on Season 4 Finale: 'I Knew It Would Be the Ultimate Surprise'

    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 […]

  • WGA Writers Contract Talks

    Writers Guild Seeks to Reshape Talent Agency Business in Proposed Deal

    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 […]

  • charlie corwin imgine entertainment

    Charlie Corwin Exits Imagine CEO Post

    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 […]

  • Obit Obituary Placeholder

    TV and Film Producer Susan Reiner Dies at 69

    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 […]

  • No Merchandising. Editorial Use Only. No

    10 Works That Influenced 'Westworld'

    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