Brian Roberts, Chairman and CEO of NBCU parent Comcast, is expected to field questions on his analyst call today about the recent firing of NBCU CEO Jeff Shell over a harassment claim.
The NBCUniversal studio division posted an EBITDA up 13 percent to $277 million and a 1.7 percent revenue uptick to $2.95 billion.
NBCU’s media unit results included $6.1 billion of revenue, falling 21 percent from a year earlier, a drop attributed to lower ad sales , with an adjusted EBITDA profit of $880 million, a 25 percent year-on-year decline. Domestic advertising at the media unit fell 39 percent to $2.02 billion, with domestic distribution revenues off 7.8 percent to $2.7 billion.
Losses for Peacock widened to an adjusted EBITIDA of $704 million, on revenues of $685 million, compares with a year-earlier adjusted EBITIDA of $456 million on revenues of $472 million. Comcast posted overall revenue at $29.6 billion, down 4.3 percent from a year-earlier $31 billion. The entertainment conglomerate managed to boost its overall earnings to $3.83 billion, from $3.55 billion in Q1 2022, with adjusted earnings-per-share up 7 percent to 92 cents, results that surpassed analyst expectations.
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