Discovery Q4 Earnings Driven By Strong International Performance

Ad Revenue Improves 33% Abroad

Claire Atkinson (Broadcasting & Cable) -- Multichannel News, 2/10/2010 9:42:47 AM

Discovery Communications saw the benefit of its global footprint in the final quarter of 2009 with advertising revenue up 33% and distribution revenue up 16% in its international segment.
Revenue in the segment was up 22% to $358 million for the quarter. Part of the boost came from more favorable currency rates. Adjusted operating income at International Networks rose 42%.
Domestic revenue rose 3% to $554 million, while adjusted operating income at U.S. Networks saw a 4% decline, a result of a $22 million content impairment charge.
Read more at B&C here.