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.
Comcast is still too expensive for the average household
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »