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.