Q4 Profit at Discovery

Discovery, Inc. reported a fourth-quarter profit of $269 million, as compared with a year-ago loss, on revenues that were up 51 percent to $2.8 billion.

“2018 was a transformational year for Discovery, highlighted by our operational accomplishments, our strong progress in synergy generation and our overall solid financial performance, as we continued powering people’s passions around the world,” said David Zaslav, president and CEO. “Discovery is a differentiated global content company, and we are optimistic that we will continue to build on all of our operating momentum to drive additional shareholder value into the future.”

The U.S. networks recorded quarterly revenues of $1.7 billion, while international revenues were $1.1 billion.

For the full year, revenues were up 54 percent to $10.6 billion, delivering a net profit of $594 million.