Comcast beats earnings expectations as media revenue offsets weakness in connectivity

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Comcast beat Wall Street expectations in the third quarter, reporting adjusted earnings per share of $1.07 versus $0.98 expected and revenue of $29.3 billion. Peacock posted its second quarterly profit since launching, with adjusted earnings before interest, taxes, depreciation and amortization of $261 million on $1.8 billion in revenue. Media revenue rose 13% to $5.4 billion, while connectivity and platforms revenue declined 2.7%. Comcast lost 144,000 residential broadband customers and 274,000 cable customers but added 368,000 mobile customers, and plans to separate NBCUniversal and Sky from its other operations in about a year.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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