Q2 brought growth to cable giant Comcast, with revenues up 6.1% to $9.53 billion. Operating cash flow gained 5.7% to $3.74 billion.
The biggest part of Comcast is its cable segment, were revenues increased 5.1% to $8.9 billion. That included a 23% increase in advertising revenues, which continues to be a big growth area for cable MSOs.
For the programming segment, revenues rose 18.1% to $454 million, with operating cash flow up 34.4% to $152 million.
Of course, that segment will grow dramatically larger once Comcast completes its pending acquisition of a majority stake in NBC Universal from General Electric.
Wells Fargo Securities analyst Marci Ryvicker noted that in the company’s quarterly conference call that Comcast is still hopeful for a year-end close. “It sounded even more optimistic on this deal given the strong advertising environment and early success of ‘Despicable Me.’ We continue to believe a year-end close is optimistic,” Ryvicker told clients.
