Discovery FY revenues up 54%

Discovery, the US media giant, has reported financial results for the full year and fourth quarter ended December 31st 2018.

Full year revenues increased 54 per cent to $10.6 billion (€9.3bn) on a reported basis compared with the prior year. Excluding the impact of foreign currency fluctuations and the Scripps Networks Interactive, MotorTrend Group and Oprah Winfrey Network (OWN) transactions, revenues increased 3 per cent, as an 8 per cent increase in International Networks and a 1 per cent increase in US Networks were partially offset by a significant decrease in Education and Other revenues due to the sale of the education business on April 30th 2018.

Source: Discovery FY revenues up 54%