Last week Comcast reported second quarter results with revenue increasing 7.0% to $16.3 billion and operating income increasing 11.6% to $3.4 billion. Earnings per share (EPS) was $0.65, a 30.0% increase from the $0.50 reported in the second quarter of 2012.
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, "We are pleased with our results this quarter. Cable had outstanding growth, particularly in high-speed Internet, and NBCUniversal had strong performance across all of its businesses. Our focus on delivering innovative products and a superior customer experience is driving our success, including stronger video, voice and business services results in cable. NBCUniversal has real momentum, with solid growth in revenue and double-digit cash flow growth. We have a fantastic combination of cable and content businesses with many opportunities ahead."
Revenue for Cable Communications increased 5.8% to $10.5 billion compared to $9.9 billion in the second quarter of 2012, driven by increases of 8.0% in high-speed Internet, 26.4% in business services and 2.7% in video. The increase in revenue reflects better pricing and significant customer growth. Combined Video, High-Speed Internet and Voice Customers increased by 189,000 in the second quarter of 2013, a 36.8% increase in net additions compared to second quarter 2012.Revenue for NBCUniversal increased 8.9% to $6.0 billion compared to $5.5 billion in the second quarter of 2012 as Cable Networks segment increased 7.7% to $2.4 billion reflecting a new content licensing agreement, a 4.4% increase in distribution revenue and a 5.7% increase in advertising revenue. Filmed Entertainment segment increased 12.8% to $1.4 billion driven by higher theatrical revenue from the strong box office performance of Fast and Furious 6.
If you enjoyed this article them please visit www.surgingearnings.com
Risk Disclaimer: This article does not constitute a recommendation to buy or sell. Investing in stocks or other securities and derivatives is a high risk activity and not suitable for everyone. It is strongly recommended that individuals should consult with a SEC registered investment advisor prior to making any investment decisions.
Disclosure: The author holds no positions in the above mentioned stocks
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, "We are pleased with our results this quarter. Cable had outstanding growth, particularly in high-speed Internet, and NBCUniversal had strong performance across all of its businesses. Our focus on delivering innovative products and a superior customer experience is driving our success, including stronger video, voice and business services results in cable. NBCUniversal has real momentum, with solid growth in revenue and double-digit cash flow growth. We have a fantastic combination of cable and content businesses with many opportunities ahead."
Revenue for Cable Communications increased 5.8% to $10.5 billion compared to $9.9 billion in the second quarter of 2012, driven by increases of 8.0% in high-speed Internet, 26.4% in business services and 2.7% in video. The increase in revenue reflects better pricing and significant customer growth. Combined Video, High-Speed Internet and Voice Customers increased by 189,000 in the second quarter of 2013, a 36.8% increase in net additions compared to second quarter 2012.Revenue for NBCUniversal increased 8.9% to $6.0 billion compared to $5.5 billion in the second quarter of 2012 as Cable Networks segment increased 7.7% to $2.4 billion reflecting a new content licensing agreement, a 4.4% increase in distribution revenue and a 5.7% increase in advertising revenue. Filmed Entertainment segment increased 12.8% to $1.4 billion driven by higher theatrical revenue from the strong box office performance of Fast and Furious 6.
If you enjoyed this article them please visit www.surgingearnings.com
Risk Disclaimer: This article does not constitute a recommendation to buy or sell. Investing in stocks or other securities and derivatives is a high risk activity and not suitable for everyone. It is strongly recommended that individuals should consult with a SEC registered investment advisor prior to making any investment decisions.
Disclosure: The author holds no positions in the above mentioned stocks
