Comcast beats earnings expectations as media revenue offsets weakness in connectivity

Source: press CNBC•

Comcast beats earnings expectations as media revenue offsets weakness in connectivity

Comcast beat Wall Street's expectations for third-quarter earnings — despite headwinds in its theme parks business — thanks to continued strength in its media unit. The company's Peacock streaming service reported a quarterly profit for the second time since its launch in 2020, posting $261…

Comcast beat Wall Street's expectations for third-quarter earnings — despite headwinds in its theme parks business — thanks to continued strength in its media unit.

The company's Peacock streaming service reported a quarterly profit for the second time since its launch in 2020, posting $261 million in adjusted earnings before interest, taxes, depreciation and amortization on $1.8 billion in revenue.

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