Discovery quarterly revenue up 3% on higher ad sales

Reuters

Thu, Nov 7, 2019, 7:07 AM

Nov 7 (Reuters) - Discovery Inc reported a 3% rise in quarterly revenue on Thursday, as the owner of Discovery Channel and Animal Planet recorded higher advertising sales across its networks.

Net income available to the company rose to $262 million, or 35 cents per share, in the third quarter ended Sept. 30 from $117 million, or 16 cents per share, a year earlier.

Excluding items, the company earned 87 cents per share.

Revenue rose to $2.68 billion from $2.59 billion. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Maju Samuel)

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Discovery quarterly revenue up 3% on higher ad sales

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