Comcast Corp. reported first-quarter results today, with its NBC Broadcast Television segment posting a decline in revenue, TVNewsCheck reports. Revenue for the segment was down 14.2% from the same period a year ago, slipping to $2.2 billion from $2.6 billion, the story reports.
But the report notes that the figures are skewed by two big events — the Super Bowl in 2015 and the Winter Olympics in the year-ago period.
“Excluding $376 million of revenue generated by the NFL’s Super Bowl in the first quarter of 2015, as well as $846 million of revenue generated by the Sochi Olympics in the first quarter of 2014, revenue increased 5.5%, driven by a 5.5% increase in advertising revenue, as well as higher retransmission consent fees,” TVNewsCheck reports.
The picture for Comcast’s cable nets was also impacted by the Sochi Games, the report notes.
“For the first quarter of 2015, revenue from the Cable Networks segment decreased 5.9% to $2.4 billion compared to $2.5 billion in the first quarter of 2014,” the article reports, adding: “Excluding $257 million of revenue generated by the Sochi Olympics in the first quarter of 2014, cable revenue increased 4.9%, reflecting a 4.8% increase in distribution revenue and a 4.3% increase in advertising revenue.”