Scripps Networks Interactive has posted double-digit international growth for the first quarter thanks largely to the performance of the Polish national commercial broadcaster TVN.
Its International Networks’ revenues amounted to $121.3 million, compared with $24.1 million in the same period last year, while the segment profit was $9.8 million, compared to a loss of $5.9 million, both primarily due to the inclusion of TVN.
The company notes that it was also the only major media company to generate positive ratings growth at all of its US television networks compared to Q1 2015, thereby making it one of the best quarters in the company’s history.
Commenting on the results, Kenneth W. Lowe, chairman, president and CEO of Scripps Networks Interactive, said: “This has been a tremendous quarter for Scripps Networks Interactive. The power and appeal of our lifestyle networks continues to grow in the U.S. as evidenced by the increase in ratings at all of the U.S. networks and strongest advertising growth in five years. Meanwhile, our international business is really delivering on the high expectations that we have for the segment.
“The consistent financial performance that our networks produce demonstrates our ability to deliver on our proven strategy of developing lifestyle content and creating deeper connections with consumers around the world.”