Discovery’s International Networks were the company’s star performer in the second quarter, posting revenues of $1,051 million.
Excluding factors such as the acquisition of Scripps and foreign currency fluctuations, the figure was 5% up on the same period in 2017.
It was driven by a 6% increase in distribution revenues and a 60% increase in other revenues, while ad revenues remained flat.
OIBDA rose by 12% to $336 million, again excluding the same factors.
Meanwhile, US Networks had revenues of $1,780 million in Q2. Excluding transactions, they were 1% down on a year earlier.
Although distribution and ad revenues remained consistent, other revenues fell by 33% due to lower programme and merchandising sales.
Commenting on the results, David Zaslav, president and CEO for Discovery, said: “We delivered solid financial results in our first full quarter as a combined company and continued to make great progress with our integration of Scripps Networks Interactive and our pivot to digital, mobile and direct to consumer products and services.
“As the global leader in real life entertainment, we are uniquely positioned in the media marketplace to deliver long-term value for our passionate superfans, shareholders and business partners around the world.”
