Comcast's Second-Quarter NBCU, Sky Earnings Rise

  • 📰 THR
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Comcast's NBCU, Sky Earnings Rise

Cable giant Comcast, led by chairman and CEO Brian Roberts, on Thursday reported higher second-quarter earnings for entertainment unit NBCUniversal and European pay TV giant Sky, which the company acquired late last year.

NBCUniversal recorded adjusted earnings before interest, taxes, depreciation and amortization , the profitability metric the company uses, of $2.32 billion, up 8.1 percent.At Sky, adjusted EBITDA rose 13.4 percent. Total customer relationships increased 4.4 percent to 24 million, including net additions of 304,000 in the quarter, a 197,000 improvement from the second quarter of 2018.

NBCUniversal executives earlier this week also said they expect to surpass the $1.2 billion in advertising revenue for the 2020 Summer Olympics in Tokyo that the company took in for the last Summer Games in Rio de Janeiro in 2016.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Comcast is still too expensive for the average household

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 411. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Comcast is set to report earnings before the bell — here's what the Street expectsComcast is set to report earnings for its second quarter of 2019 before the bell Thursday.
Source: CNBC - 🏆 12. / 72 Read more »