- Comcast (NASDAQ:CMCSA) is up 0.8% in some choppy early trading after Q2 earnings where profits fell on a let-up on the film side, but beat expectations nonetheless.
- Films continued to face a tough comp from Universal's stellar 2015 and summer blockbusters like Furious 7 and Jurassic World.
- EPS fell 1.2% and operating income fell 1%. But revenue grew 2.8% and beat easily.
- Revenue by segment: Cable Communications, $11.7B (up 6%); Cable Networks, $2.45B (up 4.7%); Broadcast Television, $1.8B (up 17.3%); Filmed Entertainment, $2.27B (down 40.4%); Theme Parks, $773M (up 47%).
- Customer relationships were up by a net 115,000. Single-product customers grew by a net 6,000, while double-play customers were up 53,000 and triple-play up 56,000. Video customer losses fell to a 10-year low for Q2, of 4,000 customers; Comcast added a net 220,000 high-speed Internet customers and 64,000 voice customers.
- Press Release