real-time news and commentary for investors
Wednesday, Oct 30
Heard during Comcast's earnings call
- Comcast (CMCSA -1.6%) CEO Brian Roberts says the company isn't in any rush to add Netflix (NFLX -2%) as an app inside its set-top box. The exec reasons consumers can easily find the streaming service. The outlook is a slight deviance from what some media analysts forecast for the relationship between the streaming juggernaut and cable heavyweights.
- Advertising revenue increased 2.6% ex-Olympics at broadcast TV properties and the company sees some room for margin improvement in the segment with costs lower.
- On the expense side, higher programming costs dragged up total expenses 4.5%. Without those costs, all other expenses were only up 2%.
- The rollout of X1 video-on-demand has gone very well and marketing X2 will be a focus in 2014, notes management.
- Earnings call webcast