On a like-for-like basis, Comcast reported flat revenues for the third quarter of 2019 of 26.8 billion US dollars. Revenue in its cable communications division increased 4% year-on-year to 14.6 billion dollars, driven primarily by growth in high-speed internet, business services and wireless revenue. Comcast said high-speed internet revenue rose 9.3%, fuelled by an increase in the number of residential high-speed internet customers and rate adjustments.
Revenue in the NBCUniversal division fell 3.5% to 8.3 billion dollars, following a sharp fall in broadcast television revenue. Excluding the impact of currency movements, revenue at Sky increased 0.9% to 4.6 billion dollars, driven by "higher direct-to-consumer and content revenue, partially offset by lower advertising revenue." Source: Comcast statement
No comments:
Post a Comment