Tag: Comcast Corporation

Comcast Corporation reported a lower profit in Q1 2020, as NBCUniversal and Sky felt the impact of COVID-19 while Comcast Cable delivered increased revenues.

Comcast Corporation recorded improved revenues and profit for Q4, while NBCUniversal's results slipped, largely due to lower theatrical revenues.

Third-quarter revenues at Comcast Corporation rose by 21.2 percent to $26.8 billion, with net profit rising 11.5 percent to $3.2 billion, as the company posted EBITDA gains at NBCUniversal and Sky.

Comcast Corporation has posted second-quarter revenues of $26.9 billion, a 23.6-percent gain on the year-ago period, with net income slipping by 2.8 percent to $3.1 billion.

On the heels of its acquisition of Sky, Comcast Corporation's Q1 revenues were up 17.9 percent to $26.9 billion, delivering a profit of $3.6 billion, a 14-percent gain.

NBCUniversal's fourth-quarter revenues were up 7.1 percent to $9.4 billion, while full-year revenues rose by 8.9 percent to $35.8 billion.

Gains at NBCUniversal helped drive a 5-percent increase in third-quarter revenues at Comcast Corporation, with net profit up 9.3 percent.

In the second quarter of 2018, NBCUniversal's adjusted EBITDA increased 4.2 percent to $2.2 billion, with gains from cable networks and theme parks partially offset by a decline in filmed entertainment.

Comcast Corporation has said it will no longer pursue its bid to acquire assets of 21st Century Fox and instead will focus on its offer for Sky.

Comcast Corporation has confirmed that it is "considering, and is in advanced stages of preparing," a bid to acquire the assets that 21st Century Fox has agreed to sell to The Walt Disney Corporation.