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NBCU Revenues Flat, Profits Down

Jul 14, 2006  •  Post A Comment

NBC Universal’s revenues were flat for the second quarter of 2006 at $3.86 billion, the same figure the General Electric media division reported in second-quarter 2005. Profits declined 10 percent from $979 million last year in the second quarter to $882 million for the three months ended June 30, 2006.

NBC Universal was a General Electric outlier, since it was the only segment within GE’s six businesses not to enjoy double-digit earnings growth. For the second quarter GE’s revenues were up 9 percent to $39.9 billion and its earnings grew 11 percent to $4.9 billion.

The results were released July 14 as part of GE’s second-quarter statement.