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International drives Discovery growth

November 2, 2017 11.24 Europe/London By Chris Dziadul

Discovery’s International Networks had revenues of $796 million in the third quarter, or 11% more than in the same period last year.

Meanwhile, their adjusted OIBDA of $180 million was unchanged on Q3 2016.

In its latest set of results, the also company notes that distribution revenues grew by 13% to $479 million and advertising revenues by 9% to $298 million.

In the US, total revenues amounted to $823 million (+4%), with distribution accounting for $402 million (+6%) and advertisning $407 million (+3%).

Commenting on the results, David Zaslav, President and CEO, Discovery Communications , said: “Advertising and global distribution revenue growth helped to drive solid third quarter results for Discovery.

“We continued to focus on investments to strengthen our worldwide IP portfolio as well as strategic partnerships to nourish global superfans across every screen, platform and service. Additionally,we are excited by the prospects for a combined Discovery and Scripps as we continue to make progress on the transaction to create a global leader in real life entertainment.”

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Filed Under: Newsline Tagged With: Discovery Communications Edited: 2 November 2017 11:24

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About Chris Dziadul

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