Comcast Tops Q3 Estimates Despite Tough Comparisons With Tokyo Olympics, Cord-Cutting And Volatility In Sky Markets
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deadline.comComcast narrowly beat Wall Street estimates in the third quarter despite volatility in the UK and Europe, tough comparisons with the year-ago Tokyo Olympics quarter and ongoing cord-cutting.
Earnings per share came in at 96 cents, six cents better than analysts’ consensus estimate. Total revenue also cleared the bar at $29.8 billion, though it was down 1.5% from the year-ago period.
At NBCUniversal, adjusted EBITDA rose almost 25% to $1.7 billion despite losses at streaming service Peacock. Revenue slid 4% to $9.6 billion.
The highlight within NBCU was the studios division, where revenue shot up 31% to $3.2 billion, on rising theatrical and licensing fortunes.
Read more on deadline.com
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