Comcast's NBCU, Sky Earnings Rise
Cable giant Comcast, led by chairman and CEO Brian Roberts, on Thursday reported higher second-quarter earnings for entertainment unit NBCUniversal and European pay TV giant Sky, which the company acquired late last year.
NBCUniversal recorded adjusted earnings before interest, taxes, depreciation and amortization , the profitability metric the company uses, of $2.32 billion, up 8.1 percent.At Sky, adjusted EBITDA rose 13.4 percent. Total customer relationships increased 4.4 percent to 24 million, including net additions of 304,000 in the quarter, a 197,000 improvement from the second quarter of 2018.
NBCUniversal executives earlier this week also said they expect to surpass the $1.2 billion in advertising revenue for the 2020 Summer Olympics in Tokyo that the company took in for the last Summer Games in Rio de Janeiro in 2016.
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