By Brian Steinberg Senior TV Editor Cable-and-entertainment giant Comcast said first quarter net income fell nearly 40%, as the effects of the coronavirus pandemic crimped its theme parks, movie studio and advertising businesses, even as U.S.
consumers boosted its cable and broadband operations. The Philadelphia owner of NBCUniversal and Sky saw a profit of $2.15 billion for the first quarter, down nearly 40% from $3.55 billion a year earlier.
Adjusted for one-time items, Comcast saw first quarter profit of $3.27 billion, a 6% drop from last year’s quarter. Revenue was off 0.9% to $26.6 billion. “We have a strong balance sheet, terrific portfolio of assets, and a world-class management team,” said Brian Roberts, chairman and CEO of
Read more on variety.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.