Finance

Broadcast, Cable Boost NBCU's First-Quarter Earnings

Cable network revenue up 7.6% 4/27/2017 10:01 AM Eastern

NBCUniversal posted strong profits in the first quarter, with both cable and broadcast TV networks posting double-digit gains.

Cable network adjusted earnings before interest, taxes, depreciation and amortization rose 1.68% to $1.12 billion, according to Comcast, which reported earnings Thursday morning, .

Cable network revenue rose 7.6% to $2.6 billion. Distribution revenue was up 8.6% and content licensing revenue rose 54%. Advertising revenue was down 2.9% due to audience ratings declines, the company said.

Broadcast television earnings were up 13.4% to $322 million.

Broadcast revenue rose 5.9% to $2.2 billion. Distribution revenue rose 33.4% because of higher retransmission-consent fees. Ad revenue was up 0.3% thanks to higher rates offsetting ratings declines.

Read more at broadcastingcable.com.

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