NBCUniversal Recovery Paces Strong Q2 Results For Comcast
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deadline.comA big comeback for NBCUniversal paced Comcast’s results in the second quarter as the media giant beat Wall Street forecasts.Total revenue climbed 20% to $28.5 billion, while earnings per share increased 22% to 84 cents.
Wall Street analysts had expected earnings of 67 cents a share and revenue of $27.2 billion.At NBCU, adjusted EBITDA rose 12.5% to $1.6 billion, including a loss of $363 million on Peacock, the company’s year-old streaming service.
No new stats were offered for Peacock, which had 42 million sign-ups as of the end of the first quarter, about one-third of which translated to active users of the platform.Comparisons with the second quarter of 2020, the depths of the coronavirus pandemic, were favorable.
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