• by Wayne Friedman , August 9, 2016

Scripps Networks Interactive witnessed another strong advertising quarter, with U.S. ad revenues up near double-digit percentages. But overall financial results didn’t impress the stock market.

Its fiscal second-quarter U.S. advertising grew 8.9% to $541 million -- a bit higher than analyst expectations. U.S. networks' revenues grew 5% to $752 million.

Total revenue -- including international networks -- grew 22% to $893 million. This includes results from its majority stake purchase in Polish broadcaster TVN.

Net income was down 5.2% to $233.4 million.

Scripps affiliate fees sank 3.6% to $196 million. Analysts were expecting a slight gain. Michael Nathanson, media analyst from MoffettNathanson Research, believes it may have been impacted by comparisons to higher fees from subscription video-on-demand services in the similar period a year before.

Todd Juenger, media analyst for Bernstein Research, says total Nielsen viewership for all its networks rose 4% during the period, but was down 2% among 18-49 viewers. But the company says its slightly older viewers, 25-54, improved across all six U.S. networks.

Midday Tuesday trading of Scripps stock was down 5% to $62.66.