NBCU's Broadcast, Cable Revs Jump In Q3

Soaring theatrical film results -- from “Jurassic World” and “Minions” -- drove Comcast’s NBCUniversal’s third-quarter financial results.

NBCU revenue’s was sharply higher -- nearly 21% -- to $7.2 billion, with film revenue gaining 64% versus the same period a year ago to $1.95 billion, thanks to those two big blockbuster summer movies.

Broadcast television was another strong performer, gaining 11.3% to $1.97 billion. Much of this came from a 33.5% gain in content licensing revenue, as well as higher retransmission consent fees. Broadcast had a 2.8% increase in advertising revenue.

NBCU’s biggest business -- cable networks -- grew 7% to $2.4 billion. This came from a 8.6% increase in distribution revenue and a 2% gain in advertising revenue. Rising business came from Nascar, and on NBCSN, a 18% increase in content licensing and other revenue.



NBCU’s theme parks benefited from a strong summer period, with revenues climbing 14.1% to $896 million.

Comcast’s core TV-video business cut its losses from a year ago -- losing 48,000, but down from a loss of 81,000. Revenue for that business was up 3.3% to $5.3 billion.

Comcast’s next-biggest revenue business -- high-speed Internet service continuing to climb by double-digit percentages, 10.2%, to $3.1 billion. Business services continues to sharply gain -- up nearly 20% to $1.2 billion. Phone/voice business was down 1.4% to $900 million.

Local cable advertising sales were essentially flat -- down 0.2% to $593 million. Comcast spent $1.5 billion on marketing and promotion for all of it businesses, up from $1.3 billion.

Overall, Comcast revenue grew 11.2% to $18.7 billion; with net income dropping to $2.04 billion from $2.63 billion. Mid-day trading of Comcast’s stock was down nearly 3% to $60.42.

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