Comcast 2nd Quarter Results

[agentj]

Comcast just announced its 2nd quarter results. Some takeaways from the webcast.
1. Theme park Revenue was up 44.9%
2. Operating cash flow was up 25.7%
3. While Cap. Spending was down for NBCUniversal as a whole, it was up for the Parks.
All of this is good for continued spending in the Parks.
BTW, the stock is down over 2% this morning. Even though they met and exceeded some
estimates, they lost 69,000 video customers which was of some concern. They stated it will take years
before they greatly improve customer experience but they are having good early results.

 

[JungleSkip]

Comcast just announced its 2nd quarter results. Some takeaways from the webcast.
1. Theme park Revenue was up 44.9%
2. Operating cash flow was up 25.7%
3. While Cap. Spending was down for NBCUniversal as a whole, it was up for the Parks.
All of this is good for continued spending in the Parks.
BTW, the stock is down over 2% this morning. Even though they met and exceeded some
estimates, they lost 69,000 video customers which was of some concern. They stated it will take years
before they greatly improve customer experience but they are having good early results.

The stock is also down because Comcast basically said their focus is ensuring their products across the board are properly capitalized and they're not focused on getting money back to the stockholders like a lot of companies.

Just to add to the above, the CFO said they're committed to theme park investment, and they see the parks as a growth area for the next 20 years.

 

[Mad Dog]

The above figures are partly incorrect. Theme Park revenue increased 25.7% and operating cash flow increased 44.9%.

 

[JungleSkip]

Steve Burke said about theme parks that "there are a lot of green lights as you look down the highway.”

 

[twebber55]

its always good to have a CEO/CFO that believes in the parks

 

[shiekra38]

its always good to have a CEO/CFO that believes in the parks

Or rather, one that is not into squeezing money out of them..but focuses on improving them

 

[UNIrd]

They don't have to squeeze. They're getting great returns on their investments. Good news all around.

 

[Scott W.]

Or rather, one that is not into squeezing money out of them..but focuses on improving them

If you build it, they will come seems to be their current motto.

 

[Jon84]

Interesting NY Times Piece on the Comcast investment in the Uni Parks.

http://www.nytimes.com/2015/08/03/b...ion-in-theme-parks-hogwarts-and-all.html?_r=0

 

[GAcoaster]

WOW! Universal pictures is on a roll...

Universal Studios is having the biggest year ever for a Hollywood studio · Newswire · The A.V. Club