NEW YORK — Comcast Corp. lost $37.8 million in its second quarter ended June 30, it said Monday, compared with a profit of $16.8 million a year earlier.
But Comcast’s cash flow — earnings before interest, taxes, depreciation and amortization — jumped 24.1% to $367.4 million on 25.3% higher revenue of $1.185 billion, driven by better results from cable, cable programming and cellular phone divisions. Adjusted for the timing of acquisitions, cash flow was up 10.6%.
Cable cash flow rose 5.8% to $246.4 million on 10.4% higher revenues of $520.8 million. Comcast said the roll-out of new products like high-speed data and opening of customer service centers hurt cash flow.
Comcast’s majority-owned QVC home shopping network increased cash flow 13% to $75.5 million on 15.3% higher revenues of $467.7 million.