International drives growth at Discovery

A solid performance from the international business at Discovery in the second quarter the year helped the company post revenues of $1,067 million, up US$104 million year-on-year.

Revenue grew by 11% thanks to 20% growth from Discovery’s International Networks and 6% growth from its US Networks.

Adjusted Operating Income Before Depreciation and Amortization increased 12% to US $510 million, driven by a 31% increase at International Networks and a 4% increase at US Networks.

David Zaslav, Discovery’s president and CEO said: “Discovery continues to deliver strong financial results, particularly across our unique international platform, as the depth and breadth of our content assets have enabled the company to capitalize on the sustained ad market strength worldwide as well as take advantage of the evolution of pay-tv across the globe.”