NBCU, Comcast Post Q4 Results

PHILADELPHIA/NEW YORK: Fourth-quarter revenues at Comcast saw a 9.2-percent increase, while NBCUniversal’s were up 13 percent, with gains at its cable, theme parks and broadcast TV segments.

“I look back on 2016 with pride and enthusiasm,” said Brian Roberts, chairman and CEO of Comcast Corporation. “This is a special company, with a team I am delighted to work with, executing at a high level. We’re pleased to report another year of strong financial and operational results, which reflect our focus on innovation, investing in the business and putting the customer first. Our performance at Comcast Cable was exceptionally strong. NBCUniversal also had a terrific year, fueled by the tremendous success of the Olympics, the opening of new attractions at our theme parks, and strong theatrical performances, particularly in animation. As we begin 2017, we are well positioned to continue driving growth and shareholder value as we embark on the opportunities ahead.”

Comcast’s consolidated revenues for Q4 hit $21 billion, while for the year they were up 7.9 percent to $80.4 billion.

At NBCUniversal, Q4 revenues totaled $8.5 billion and full-year revenues were up 11 percent to $31.6 billion. In Q4 cable networks contributed $2.5 billion, a 4-percent gain. Broadcast television was up 14 percent to $2.8 billion. Filmed entertainment revenues rose 12.6 percent to $1.8 billion. The theme parks contributed $1.3 billion, a 32-percent gain.

In the Comcast Cable segment, Q4 revenues rose by 7.1 percent to $12.8 billion, driven primarily by increases in high-speed internet, video and business services revenue. By the end of the year, Comcast had 28.6 million customer relationships. There were 161,000 net additions in video customers in 2016 to reach 22.5 million.