Discovery delivered solid financial results in its first full quarter as a combined company and continued to make great progress with its integration of Scripps Networks Interactive and its pivot to digital, mobile and direct to consumer products and services, according to David Zaslav, President and Chief Executive Officer for Discovery as the programmer reported its financial results for the second quarter ended June 30th, 2018. “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,” he added.

Second quarter revenues of $2.845 billion (€2.45bn) increased 63 per cent on a reported basis compared with the prior year quarter. On a pro forma combined basis, excluding the impact of foreign currency fluctuations, total company second quarter revenues increased 1 per cent, as International Networks revenues increased 5 per cent and US Networks revenues increased 1 per cent, partially offset by a 69 per cent decrease in Education and Other revenues.

Other posts by :

1. FCC explains C-band incentives
2. Analyst: Deep dive on Starlink’s prospects
3. Musk: “AI is inevitable”
4. Airbus Space says business is booming
5. AST SpaceMobile gets permission for giant factory
6. Questions over AST SpaceMobile’s spending plans
7. Bank: AST SpaceMobile is favoured
8. Amazon Leo gains South Africa link
9. Eutelsat wants an extra 528 satellites

Categories: Articles, Broadcast, Business, Results