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Comcast Leans Into Strengths, Posting Broadband And Theme Park Gains To Top Wall Street Q3 Expectations
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deadline.com
deadline.comComcast saw solid results in its broadband business and the return of theme parks in the third quarter, topping Wall Street forecasts.The media giant posted total revenue of $30.3 billion, an increase of 19% over the same period a year ago.
Earnings per share of 87 cents beat analysts’ consensus by 12 cents.Customer retention in the cable unit was the highest level in company history for a third quarter.
On a net basis, 300,000 video customers were added. Those gains offset a loss of 408,000 traditional video customers.The Tokyo Olympics also provided a significant financial boost.
While the two-week event posed myriad challenges, being staged without fans in attendance and with ongoing audience fragmentation, advertisers still showed
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