Broadband Growth, World Cup Earnings Boost Comcast's Second Quarter Results – Variety



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Comcast's revenue growth in the second quarter contributed to Telemundo's growth in broadband data and advertising growth.

NBCUniversal's film unit has seen a decline with decreases from one year to the next to the box office success last year of "Fate of the Furious" and home entertainment revenues delivered in the quarter of the year by "Get Out", "Fifty Shades Darker", "Sing" and "Split".

NBCUniversal theme The parks were a source of inspiration for the quarter, as the business figure and adjusted earnings progressed partly thanks to the opening of the "Fast" attraction and Furious – Supercharged "at Universal Studios Orlando Park

. $ 21.7 billion. Adjusted earnings increased 4.8% to $ 7.4 billion, while net profit jumped 27.6% to $ 3.2 billion. Comcast declared a quarterly dividend of 19 cents per share.

The NBCUniversal business figure was broadly stable for the quarter at $ 8.3 billion. Distribution revenues increased 8.2% to $ 2.9 billion and adjusted earnings growth was 12.5% ​​to $ 1.2 million. billion.

Broadcast TV saw its advertising revenues increase by 9.2% thanks to Telemundo's broadcasts. Distribution revenues from higher retranslation fees increased 16.8% for the quarter. The unit's total revenue climbed 6.7% to $ 2.4 billion, while revenues were stable at $ 417 million, in part due to higher programming costs attributable to the World Cup and downward of the audience

. $ 1.7 billion. Adjusted earnings fell 52.1% to settle at $ 138 million. On June 12, the launch of the "Jurassic World: Fallen Kingdom" summer tent at the end of the quarter also contributed to declines from one year to the next.

Theme park revenues totaled $ 1.4 billion, up 3.6%. With respect to Comcast's cable systems, a gain of 260,000 high-speed Internet subscribers helped offset the loss of 140,000 video subscribers. The total revenues of the cable systems unit reached $ 13.7 billion, up 3.4%. "We had fantastic results in the second quarter, including strong free cash flow of $ 4.3 billion," said Comcast President and Chief Executive Officer Brian Roberts. "At Cable Communications, we added 182,000 customer relationships, thanks largely to the addition of 260,000 broadband customers, which was the second-quarter highest in 10 years." These strong customer metrics were balanced by strong growth in EBITDA, fueled by high-speed Internet and business services .NBCUniversal's performance was underscored by the continued dynamism of affiliates' revenues in the cable network sector, and Telemundo has presented its very first FIFA World Cup ™, which created many new records for the network, and we are excited about the new attractions we have opened in each of our theme parks during the quarter, and we are Happy with the theatrical performance of Jurassic World: Fallen Kingdom, the strength we see through Comcast NBCUniversal. "

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