The benefit of Comcast increases as it goes beyond the US UU For growth

The benefit of Comcast increases as it goes beyond the US UU For growth https://i0.wp.com/www.eresviral.com/wp-content/uploads/2018/10/El-beneficio-de-Comcast-aumenta-a-medida-que-se-ve-más-allá-de-los-EE.-UU.-Para-el-crecimiento.jpg?fit=219%2C146&ssl=1

The benefit of Comcast increases as it goes beyond the US UU For growth





The benefit of Comcast increases as it goes beyond the US UU For growth





            Comcast
    Corp.



                CMCSA -1.67%


            On Thursday, net profit increased 9.3% in the third quarter, as growth in the broadband business of the distribution and content giant more than offset the continuing decline in the number of cable television subscribers .

The Philadelphia-based company last month Secure control of the European giant of pay television.

            Sky



                SKYAY -0.64%


            PLC for $ 38.8 billion, in an agreement that Comcast said would help diversify its revenue base beyond the US UU., Where cable cutting cable It is taking a toll on the traditional television business. 

In a earnings conference call, Chief Executive Brian Roberts said the acquisition of Sky supports Comcast's existing business and increases its value.



"We believe that Sky is an incredible and unique independent business that fits perfectly with Comcast," said Roberts.

Comcast reported a net profit of $ 2.89 billion, or 62 cents per share, above $ 2.64 billion, or 55 cents per share, in the prior-year quarter. Revenues increased 5% to $ 22,140 million.

Comcast added 363,000 Internet consumers in the period, 70% more than the previous year, but lost 106,000 cable TV subscribers for the sixth consecutive quarter in decline. Broadband revenues grew 9.6%, while video decreased 2.9%.

Revenue in Comcast's NBCUniversal unit increased 8.1% to $ 8.63 billion, driven by the growth of its cable networks and television businesses. Those increases helped offset the decline in revenue at the company's theme parks division, which he said was affected by bad weather at Universal Studios Japan. The profitability of its filmed entertainment division was reduced compared to the previous year's period, which according to the company had benefited from the success of "Despicable Me 3".

Mr. Roberts said on Thursday that Comcast is evaluating ways to expand in the broadcast business, adding that the transmission economy is "very challenging," noting that the company was focused on fostering its existing television business.

This summer, Comcast lost a bidding war to

            Walt Disney
    Co.

            for Fox's entertainment assets.

            Disney

            He agreed to pay $ 71 billion for the famous Hollywood studio and Fox's international assets. If Fox had won the September auction for Sky, Disney would have finally taken control of 100% of the British pay-TV company. Instead, last month Fox accepted sell its 39% stake in Sky for an approximate value of $ 15 billion to comcast





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