Discovery Communications

Discovery Communications

HGTV & Food Network Global Launches Help Discovery Secure Full-Year & Q4 Revenue Growth

HGTV & Food Network Global Launches Help Discovery Secure Full-Year & Q4 Revenue Growth

27.2.2020

HGTV & Food Network Global Launches Help Discovery Secure Full-Year & Q4 Revenue Growth

A number of global launches of HGTV and Food Network helped bolster Discovery Communications ’ full-year and Q4 financial results. The factual giant saw total revenues in the fourth quarter of 2019 …

The factual giant saw total revenues in the fourth quarter of 2019 grow by 2% to $2.87B, while total revenues across the year grew by 6% to $11.1B.In Q4, U.S. advertising and distribution revenues increased 1% and 5% respectively; and international advertising and distribution revenues increased 5% and 10%, respectively.

David Zaslav, President and Chief Executive Officer of Discovery said, “2019 was a year of promises made and promises delivered. We achieved more than $3 billion of free cash flow and brought leverage down to the low end of our target range of 3-3.5x net debt to Adjusted OIBDA. Our differentiated local content strategy and global scale, coupled with our unique free cash flow conversion profile, provide distinct financial flexibility that allows us to adapt to changing media consumption habits. Our Board’s confidence in our strategic direction is highlighted by the recent authorization to repurchase up to an additional $2 billion of our shares.”



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Katie Lee Is Pregnant! Food Network Star Expecting First Child Following Infertility Struggles: 'Eating for Two'Katie Lee previously opened up about not giving up on her dream of having a family in an essay for PEOPLE I thought that title said Kathy Lee! eat up.. for 2

How Exercise Might Affect Our Food Choices, and Our WeightMen and women who started an exercise program no longer found high-calorie, fatty foods quite so irresistible. Once I realized something as simple looking as planking was hard for me, I had no problem pushing away from fattening foods. Plank everyday for 90 seconds to reduce drive to eat.

The Food & Wine Guide to Clay Pot CookingA COOL EVENING LAST SPRING, I pulled my rental car to the side of the road and got out in front of a small white building… Römertopf...used one all the time when I lived in Germany.

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