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This page was added to your Comcast (NASDAQ:CMCSA), the leading US cable company, was another top contributor. The company reported 9-10% revenue growth from its cable internet and business segments. A decline in video subscribers was largely immaterial to Comcast cable’s cash flow, and the segment’s margins again improved. NBC Universal’s (NBCU) network and broadcast revenues increased moderately, and NBCU announced its streaming service, Peacock, would take back NBC’s best video content, including The Office, from Netflix. Sky, Comcast’s recently acquired European subsidiary, also grew moderately, while developing more of the proprietary content that has maintained its relevance with subscribers.
From Longleaf Partners' third-quarter 2019 shareholder commentary.
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About the author:
Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg
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