Comcast earnings highlight NBCUniversal strength ahead of planned split
Revenue for the connectivity and platforms segment, which includes the Xfinity-branded broadband, mobile and cable TV offerings, was down 3% to $19.8 billion during the second quarter. Earnings before interest, taxes, depreciation and amortization for the unit dropped nearly 6% to $7.96 billion. Mobile remained a bright spot with additions that once again marked a record quarter and brought its total to 10.2 million lines.
- ▪Revenue for the connectivity and platforms segment, which includes the Xfinity-branded broadband, mobile and cable TV offerings, was down 3% to $19.8 billion during the second quarter.
- ▪Earnings before interest, taxes, depreciation and amortization for the unit dropped nearly 6% to $7.96 billion.
- ▪Mobile remained a bright spot with additions that once again marked a record quarter and brought its total to 10.2 million lines.
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Revenue for the connectivity and platforms segment, which includes the Xfinity-branded broadband, mobile and cable TV offerings, was down 3% to $19.8 billion during the second quarter. Earnings before interest, taxes, depreciation and amortization for the unit dropped nearly 6% to $7.96 billion. Comcast lost 167,000 total broadband residential customers and 280,000 cable TV subscribers during the quarter. Mobile remained a bright spot with additions that once again marked a record quarter and brought its total to 10.2 million lines. Mobile has become a major driver and key part of Comcast's strategy to boost the broadband business.
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