Paris Olympics Coverage Powers NBCUniversal & Comcast Results In Q3; Peacock Hits 36 Million Subscribers
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deadline.comCoverage of the Paris Olympics spurred a 36.5% year-over-year gain in media revenue, propelling NBCUniversal parent Comcast‘s performance in the third quarter.
The company reported total revenue of $32.1 billion and earnings per share of $1.12, beating Wall Street analysts’ consensus forecast.
Shares in Comcast, which are not known for dramatic movement, jumped 4% in pre-market trading on the earnings news. Flagship streaming service Peacock added 3 million subscribers to reach 36 million.
Revenue jumped 82% to $1.5 billion and adjusted EBITDA losses narrowed to $436 million from $565 million in the year-ago period.
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