Comcast posted second-quarter revenue below Wall Street analysts’ expectations and also saw Peacock subscriber levels decline after a burst in the prior quarter.
Revenue of $29.7 billion dipped 3% from the same period in 2023, while earnings per share beat estimates, rising 7% to $1.21 on an adjusted basis.
The studio division posted a 27% dip in revenue due to difficult comparisons. The year-ago quarter saw the release of The Super Mario Bros.
Movie and Fast X, while current hits like Despicable Me 4 and Twisters were released outside of the second quarter. Theme parks also marked a decline, with revenue down 11% as attendance gave back previous gains.
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