Revenue from broadcast television posted an increase in the third quarter at NBC, driven by a number of factors including a boost in retransmission consent fees, higher ad revenues and income from the licensing of content.
NBCUniversal owner Comcast today said revenue in the broadcast TV segment was up 11.3% to $2 billion, from $1.6 billion in the third quarter of 2014, TVNewsCheck reports. The company cited a 33.5% spike in revenue from content licensing and a 2.8% rise in ad revenue, along with higher retransmission fees.
“Operating cash flow increased 6.1% to $150 million compared to $142 million in the third quarter of 2014, reflecting higher revenue, partially offset by an increase in programming and production costs associated with the timing of content provided under its licensing agreements and studio production costs,” TVNewsCheck notes.
Cable revenues were also up at NBCU, with the segment rising 7% to $2.4 billion, vs. $2.3 billion a year earlier. The company cited an 8.6% rise in distribution revenue along with a 2.0% uptick in ad revenue, credited in part to bringing NASCAR coverage on board at NBCSN. Content licensing and other revenues contributed a 17.6% rise.
The higher sports programming costs, including NASCAR, more than offset higher revenue on the cable side, where operating cash flow was down 3.9% to $835 million, vs. $868 million in the period a year ago.