Eurosport: turnover of $507m in 2015 (+53.6%), profitability down 45.6%

The pay-TV group Eurosport generated $507m (€466.4m on 31/12/2015) in turnover during the 2015 fiscal year (from 01/01 to 31/12/2015), up 53.6% compared to 2014 ($330m / €270.6m on 31/12/2014), announced the US media conglomerate Discovery Communications, the owner of Eurosport, at the presentation of its 2015 annual results on 18/02/2016.

The growth of Eurosport's revenues is primarily related to the 78.8% increase in distribution revenues of the pay-TV group, which rose from $198m in 2014 (€162.4m) to $354m in 2015 (€325.7m). This was mainly due to a change in scope: the 2015 financial year covers 12 months of Eurosport International activity and nine months of activity of Eurosport France, while the previous year only covered seven months of Eurosport International activity only.

The Eurosport group posted a positive OIBDA (operating income before depreciation and amortisation) of $37m (€34m), down 45.6% compared to 2014 ($68m / €55.8m).

$1.034bn in net income for Discovery Communications in 2015

• The French broadcaster TF1 sold its minority 49% stake in Eurosport SAS to its US…