After kicking around near 52-week lows in July, Discovery Communications (NASDAQ:DISCA) is up hard, +6.2%, following Q2 earnings where it grew profits 43% thanks to U.S. growth unhampered by currency concerns.
The heavily international business saw a four-percentage-point impact from exchange headwinds; a decline of 1% would have been 3% growth excluding such effects.
Revenue by segment: U.S. Networks, $873M (up 7.2%); International Networks, $790M (down 1.4%); Education and other, $46M (up 15%).
Revenue breakout: Distribution, $813M (up 4.9%); Advertising, $813M (down 0.1%); Other, $82M (up 26.2%).
Free cash flow fell 4% to $301M.
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