Tomahawk, WI 05/26/2014 (Basicsmedia) – Discovery Communications Inc. (NASDAQ:DISCA) procured strong growth in the last quarter, as the company witnessed unparalleled reach of its programs, globally. Discovery has incurred sustained investment in engaging yet diverse contents that helped it capitalize upon the increasing demand for Discovery’s pay television programs worldwide.
Discovery Gains Fair Audience Share
Larger audiences and substantial market share gains have helped Discovery Communications Inc. (NASDAQ:DISCA) acquire better revenues, profits and sustained growth. The process of making bigger investments and reaping rewards, thereby enhancing the long-term prospects for growth has been in vogue, of late. David Zaslav, the CEO and President of Discovery articulated how significant market shares are leveraging opportunities for better prioritization of asset portfolios, thus pacing the financial momentum, thereby building long withstanding shareholder value.
Sumptuous Quarterly Gains
In the first quarter in 2014, DISCA notched up revenues worth $1411 millions, increasing by 22% (or $255 million) from Q1-2013. Over the past one year, the company grew its international networks almost by 51%, reaching $671 million, and the US networks by 3.2%, reaching $708 million. OIBDA increased to $525 million (rising by 5%) in Q2-2014.
In Q1-2014, revenues notched up from advertisements increased to 4.8%, owing to higher pricing. This nearly doubled year over year. The distribution based revenues also increased by a whopping 23%. Thus, excluding myriad acquisitions and fluctuations in currency, the gross revenue rose 13%.
Without bringing the SBS Nordic Acquisition details and fluctuations pertaining to foreign currencies and digital licensing into consideration, the net revenues increased by a significant margin of 8%. The company acquired net income of $230 million, at $0.66/ diluted shares this quarter, which is nearly at par with last year’s income of $231 million.
Discovery Communications Inc. (NASDAQ:DISCA) reported net cash flow of $213 million in Q1-2013, increasing almost 103% (valued to $108 million) from Q1-2013. Increased independent operations, lowered payments of taxes and higher incident profits have been partly offset by significant stock based compensation and higher content payments. Purchases of equipment and property,deducted from cash obtained from operations resulting in free cash flow.
Recent Acquisition In News
Instances of sustained growth are deemed to result in acquisitions increased acquisitions. On May 8, 2014, DISCA revealed that it has teamed up with Liberty Global PLC, seeking to buy British Producer All3Media for a whopping $932.9 million from Permira Advisers LLP, a London based equity firm.