Mixed Fortunes For Discovery’s International Business
Discovery’s International Networks had revenues of $4,041 million in 2019, down 3% on a year earlier.
However, within that total ad revenues increased by 2% to $1,799 million and distribution by 1% to $2,096 million.
In its latest set of results, the company notes that ex-FX, its revenues increased by 3%. Meanwhile, adjusted OIBDA in its International Networks segment amounted to $1,057 million, down 2% on a year earlier, while the ex-FX adjusted OIBDA increase was +8%.
US Networks performed better financially in 2019, with total revenues increasing by 12% to $7,092 million and adjusted OIBDA by 18% to $4,1176 million.
Highlights for 2019 included the launch of HGTV and Food Network in over 30 new countries and territories; establishing as strong foothold in new and existing direct-to-consumer markets in Europe including Dplay in 10 markets, TVN Player in Poland and Joyn in Germany; and Discovery being the most watched pay-TV portfolio in the US among women aged 18-24 and 18+ for both primetime and total day. Broadband TV News
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