Comcast beat Wall Street analysts’ estimates for the second quarter, delivering total revenue of $30 billion and earnings per share of $1.01.
The targets were $29.75 billion and 92 cents, respectively. NBCUniversal revenue rose 19% to $9.4 billion, while adjusted EBIDTA increased almost 20% to $1.86 billion.
Peacock Premium subscriber levels stalled at 13 million, but the streaming service helped drive an 8% year-over-year increase in distribution revenue.
Losses at Peacock widened to $467 million, from $363 million a year ago. No overall monthly active user numbers were included with the financial results, but the company reported 28 million in April, ahead of pace to hit its own projection of 30 million to 35 million MAUs by 2025.
Read more on deadline.com
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