Discovery net income spikes 43% in Q2 | Pay-TV | News | Rapid TV News
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Discovery Communications reported net income of $408 million for the second quarter, up 43% compared with $286 million for Q2 2015.

Discovery Channel logos discovery channel 12245114 1024 768 e13353296435691 350x262Revenue came in at $1.71 billion, up 3% compared with the prior year. A 7% growth for the US networks and a 15% growth in the ‘education and other’ category was partially offset by a slight decline at its international networks division, primarily due to currency effects and the impact of the SBS Radio disposition.

“Discovery posted a solid quarter of growth and financial results by investing in premium and diversified content that fuels the passion of superfans on pay-TV, free-to-air, direct-to-consumer and digital platforms,” said David Zaslav, president and CEO of Discovery. “Our differentiated portfolio of nonfiction, sports and children’s content in more than 220 markets positions Discovery for continued growth and shareholder value creation in the months and years to come.”

Adjusted Operating Income Before Depreciation and Amortization (OIBDA) increased 4% to $706 million, as 10% growth at US networks was partially offset by a 6% decline at international, primarily due to currency effects.