Scripps Networks Interactive Inc. said Monday its third-quarter profit fell 5.2% on restructuring costs, but revenue rose on growth in advertising and fees paid by cable providers and adjusted earnings topped analysts' views.

During the quarter, the company successfully completed its acquisition of Polish TV operator TVN, which drove a sharp increase in international networks segment revenue and resulted in the first profitable quarter for Scripps' international operations.

International networks revenue for the third quarter of 2015 was $118.7 million compared with $23.8 million in the prior-year third quarter. Profit for the segment was $10.9 million, compared with a loss of $5.9 million in the same period last year.

The company also raised its 2015 outlook. It now expects revenue growth of about 13%, up from previously issued guidance for growth of 12%.

The Knoxville, Tenn.-based company, like other cable-television-channel firms, has faced challenges from rivals such as Netflix and more so-called cord-cutters as more people watch video online and on mobile devices.

Scripps, whose brands include HGTV, the DIY Network, Food Network, Cooking Channel and Travel Channel, has sought to expand abroad, including the launches of HGTV in Asia and Food Network in Brazil.

In the latest quarter, advertising revenue grew 22% to $527.9 million. Affiliate fees, which are paid by cable providers and other distributors, improved 13% to $224.9 million.

Overall, Scripps reported a profit of $124.6 million, or 96 cents a share, down from $131.3 million, or 93 cents a share, a year earlier. Excluding certain items, earnings were $1.06 a share. Revenue increased 20% to $776.1 million.

Analysts polled by Thomson Reuters expected per-share adjusted profit of 98 cents and revenue of $761 million.

In the latest quarter, revenue growth included increases of 6.3% at HGTV, 11% at DIY Network, 1.1% at Food Network and 18% at Cooking Channel. Travel Channel revenue fell 0.4%.

Shares, which have fallen about 22% this year, were inactive premarket.

Write to Anne Steele at Anne.Steele@wsj.com

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(END) Dow Jones Newswires

November 09, 2015 09:35 ET (14:35 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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