Discovery revenue ticks up for Q3 | Ratings/Measurement | News | Rapid TV News
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Discovery Communications saw third quarter revenue of $1.651 billion, an increase of 6% year-over-year, thanks to 11% growth in international networks and 4% growth for domestic channels.

discovery 3 nov 2017Profit for the quarter was $218 million, and consistent with the prior year, as improved operating results and a tax benefit this quarter were offset by $142 million (or $0.25 per share) after-tax Scripps transaction-related costs, currency-related transactional losses and losses from equity investees primarily due to solar investments.

“Advertising and global distribution revenue growth helped to drive solid third-quarter results for Discovery,” said David Zaslav, president and CEO, 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.”

OIBDA meanwhile increased 3% to $575 million.

Free cash flow increased 67% to $699 million for the third quarter of 2017 as cash flow from operations increased 63% to $724 million; capital expenditures of $25 million were relatively consistent with the prior year.