Friday, March 22, 2019
Home / Top Stories / Q4 Profit at Discovery

Q4 Profit at Discovery


ADVERTISEMENT

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.











About Mansha Daswani

Mansha Daswani is the editor and associate publisher of World Screen. She can be reached on mdaswani@worldscreen.com.

ALSO READ

Exclusive Interview: ZDF’s Thomas Bellut

PREMIUM: Director-General Thomas Bellut tells World Screen Newsflash how ZDF strives to hold up a mirror to all aspects of German life, and in today’s interconnected world, he also wants to bring the world to German citizens.