The Comcast Corp unit’s cable networks sank 3% in the period, with broadcast showing a “slight increase” in advertising revenues. Overall, cable network revenues slipped 1% to $2.5 billion, while broadcast was flat at $1.8 billion.
Both cable and broadcast networks showed improvements in carriage fees from pay TV companies. Distribution revenue was up 5.6% for cable; with broadcast getting higher retransmission fees.
The big star for NBCUniversal during the period was its filmed unit -- thanks to “Furious 7” and “Jurassic World.” Revenue almost doubled -- 92.7% to $2.3 billion. Operating cash flow also nearly doubled in size to $422 million from $227 million.
Theme parks also witnessed rising revenue -- up 25.7% to $773 million, coming from higher attendance, as well as success at its "The Wizarding World of Harry Potter -- Diagon Alley” in Orlando.
Comcast cable operations witnessed better results when it came to declining video customer operations -- losing 69,000 versus 144,000 in the second quarter 2014. Revenue for its video business rose 3.7% to $5.4 billion.
Business for its broadband customers rose by 180,000 with voice adding 49,000.
Local advertising revenues were flat at $582 million versus $587 million in the second quarter 2014.
Comcast cable communications revenues -- which includes video, broadband, voice, advertising, and business sales -- were up 6.3% to $11.7 billion.
Company-wide Comcast Corp. second-quarter revenue grew 11.3% to $18.7 billion. Net income was up 8% to $4.3 billion.