Comcast reported earnings for the first quarter of 2019 before markets opened on Thursday. The stock fell somewhat on the news, after which it was equal during pre-sale trading.
As analysts continue to predict the drop in Comcast's video segment, the company has plans to branch out further to streaming. In this quarter, Comcast lost 121 thousand customers compared with 96 thousand over the same period last year.
The company owned by Comcast, NBCUniversal, a parent company of CNBC, announced earlier this year that it will debuted its free streaming ad service. The service will be available to any traditional pay-TV subscriber by entering through a cable or satellite provider. Everyone else can subscribe for about $ 12 a month, CNBC reports shortly after the announcement of a person familiar with the company's plans. NBCUniversal will be opposed to established streaming services such as Netflix and Amazon Prime Video, as well as newer players who will arrive later this year from Disney, Apple and AT & T WarnerMedia.
Comcast reported revenue of $ 8.3 billion for NBCUniversal, down 12.5% from last year, which included $ 1.6 billion in additional earnings on the basis of the Olympic and Super Bowl.
The Comcast report included a performance for the British television channel Sky for the second time since its acquisition last year. Comcast reports Q1 revenue for Sky's $ 4.8 billion profit. Sky added 112 thousand Customer Relations for the quarter that Comcast said reflects the growth in all its markets.
Here's how other Comcast departments in the first quarter:
- Cable ties totaled $ 14.3 billion in total revenue. Cable networks, with the exception of the Olympic Games, amounted to 2.9 billion dollars of total income.
- Television broadcasts, with the exception of the Olympics and Super Cup, totaled 2.5 billion dollars in total income.
- 19659013] Thematic parks brought in $ 1.3 billion in revenues.
Comcast said that this quarter reflects the best quarterly growth of EBITDA cable over the past 10 years from 9.8% to 5.7 billion dollars. Growth reflects higher revenue, despite an increase in operating expenses by 0.8%
Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.
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