NBCUniversal Q4 broadcast TV revenue up 14%

NBC Sports studio Rio Olympics 2016
NBC's broadcast of the 2016 Summer Olympics helped boost revenue for the year.

NBCUniversal’s broadcast television revenue jumped 14% to $2.8 billion in the fourth quarter.

The programmer is giving credit for the increase to higher advertising, content licensing and distribution. In particular, advertising revenue increased 12.4% on the back of Thursday Night Football, increased rates and higher political advertising.

Thanks to the timing of some licensing agreements, content licensing revenue increased 20.2% during the quarter. Meanwhile, distribution and other revenue increased 14.1% because of higher retransmission consent fees.

Sponsored by Google Cloud

Webinar: Remote Post Production In The Cloud

Video production companies across the world have traditionally been tethered to physical facilities, but with the advent of covid-19, remote post production capabilities are more important than ever. Join this webinar to learn more about how video producers can utilize Google Cloud infrastructure, along with partner applications, to develop a remote post production suite that brings your artists and editors together, no matter where they are.

In all, operating cash flow for the division increased 21.1% to $264 million during the quarter, offset in part by an increase in programming and production costs driven by the premiere of Thursday Night Football.

NBCU also reported year-end results today, and broadcast revenue rose 19% to $10.1 billion compared to 2015. With help from $1.2 billion of revenue generated by the broadcast of the 2016 Rio Olympics, operating cash flow increased 69.1% to $1.3 billion for 2016.

RELATED: NBCU CEO: Not a necessity to increase our broadcast footprint

Meanwhile, NBCU’s cable networks revenue grew at a slower rate, up 4% to $2.5 billion for the quarter, due to higher distribution, content licensing and other, and advertising revenue. For the year, cable networks revenue increased 8.7%.

Universal’s filmed entertainment rose 12.6% to $1.8 billion in the fourth quarter, aided by a full quarter of revenue attributable to DreamWorks. DreamWorks also helped boost content licensing revenue by 37.5%. But for the full year, filmed entertainment revenue dropped 12.7% to $6.4 billion because of lower theatrical and home entertainment revenue.

Overall, revenue for NBCUniversal increased 13% to $8.5 billion in the fourth quarter and increased 11% to $31.6 billion for the full year.

Suggested Articles

NBCUniversal’s entertainment business is getting new management and a new org chart that will further emphasize its shift toward streaming.

An executive order issued by President Trump late Thursday would ban business with ByteDance’s TikTok app 45 days after its issuance.

The company will focus next year's initial rollout on Australia, Latin America and the Nordics.