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Discovery 3Q Revenue Dips 4%, Net Profit Up Year-On-Year, Touts TLC

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deadline.com
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Jill Goldsmith Co-Business EditorDiscovery reported total revenues of $2.6 billion, off 4% from the year earlier as profit rose to $300 million from $262 million.U.S.

distribution revenues increased 2% and advertising revenues decreased 8%; and International distribution revenues decreased 4% and advertising revenues decreased 9%.EPS was $0.44 per diluted share from $0.35“Discovery delivered improving financial results in the third quarter, a testament to the powerful appeal of our content and brands, led in the U.S.

by TLC, which beat top-rated sports and news networks in coveted Primetime demos, even in a record year for cable news,” said CEO David Zaslav.

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