NBCUniversal Earnings Drop as Pandemic Hits TV Advertising, Theme Parks

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Comcast lost 409,000 net pay TV users in the first quarter, but added 477,000 broadband user base, marking its 'best quarterly result in 12 years.' Details:

," the company added. "Other revenue decreased 20.3 percent, primarily due to decreases in revenue from our live stage play and movie ticketing and entertainment businesses, which were impacted by theater and entertainment venue closures as a result of COVID-19."

Meanwhile, theme parks revenue at NBCU decreased 31.9 percent to $869 million in the first quarter, "primarily due to the closures of Universal Studios Japan in late February and Universal Orlando Resort and Universal Studios Hollywood in mid-March as a result of COVID-19." Adjusted EBITDA dropped 84.7 percent to $76 million, "reflecting lower revenue and higher operating costs.

At Sky, revenue for the first quarter fell 5.8 percent, or 3.7 percent when excluding currency impacts, to $4.5 billion due to lower direct-to-consumer, advertising and content revenue. "Direct-to-consumer revenue decreased 1.9 percent to $3.

 

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Of course they’re gonna be bringing back data caps, even though it was proven that comcast lied about why data caps were introduced in the first place. It’s just greed. Break up Comcast & interent division should be treated like a utility.

Comcast lost TV subscribers because we have a choice now. Comcast gained internet customers because many of us don’t have a choice ... yet.

Maybe because they won't cancel internet if your behind, but will cancel your cable as soon as you miss a payment. Not like people are dealing with a hardship right now or something

They’re rich. I’m sure they’ll survive

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 /  🏆 411. in TH

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