© 2010 Rapid TV News
Editor ©RapidTVNews | 29-07-2010
Entertainment, information and communication products and services provider Comcast has returned a strong financial performance for the quarter ended 30 June 2010.
In all operating income increased 10.9% to $2.1 billion, due mainly to strong results in the Cable and Programming segments, partially offset by $22 million of NBC Universal-related transaction costs. Excluding these costs, Operating Cash Flow grew 6.3%.
For the end of the second quarter of 2010, revenue from the core cable TV business was $8.949 billion, a 5% rise compared with Q209. The programming division banked revenues of $454 million a rise of 18% compared with the period a year ago. For the year to date, the cable TV business accrued revenues of $17.626 billion, up 4.3% year on year, and programming up 12.6 for the half year to $839 million.
Commented Brian L. Roberts, Chairman and Chief Executive Officer of Comcast: “We delivered healthy operating and financial results in the second quarter, reflecting overall customer growth, double-digit increases in high-speed internet and voice revenue, an improving advertising market and continued momentum in Business Services.
“We are very focused on profitable growth. At the same time, we continue to make significant progress deploying All-Digital and DOCSIS 3.0 to enhance our superior products, strengthen our competitive position and build long term value for our shareholders.”
