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Looking ahead, Comcast's television business will continue to face challenges because of competition from less traditional services such as Netflix Inc. (Nasdaq: NFLX), according to Morningstar analyst Michael Hodel, though it has to this point held together well.
"Comcast's traditional television business faces threats from emerging video offerings from the likes of Netflix," Hodel wrote in an investment note. "We believe Comcast has responded well to these threats thus far, building new platforms – such as its online site and iPad application – to enhance the options available to customers."
NBCUniversal, the media company that CMCSA owns, saw very modest revenue growth of 0.3%.