Earnings: Discovery Q2 Revs Up 10 Percent; Ad Revs Up 10 Percent

This story was written by Joseph Weisenthal.
Cable ad revenue has been consistently solid this quarter, and Discovery Communications (NSDQ: DISCA) is continuing the trend Revenue for the company grew 10 percent to $863 million in Q2. The company benefitted from 10 percent ad growth and strong international gains, led by increased subscribers and higher rates. The company's "other" revenue grew by 8 percent, helped by the company's HowStuffWorks business.  Dollar figures weren't provided in the release. Adjusted OIBDA was up 19 percent in the quarter to $315 million.

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By Joseph Weisenthal