deadline.com
reports
2020
information
google
Provident
Strategy
Enterprise
Comcast Shrugs Off Domestic Ad Dip To Top Wall Street Q3 Estimates; Peacock Hits 28M Paid Subscribers
Reading now: 660
deadline.com
deadline.comComcast beat Wall Street estimates for third-quarter revenue and earnings despite an 8% year-over-year drop in domestic advertising.
The NBCUniversal parent reported revenue of $30.1 billion in the period ending September 30, up 1% from the same quarter of 2022.
Earnings per share reached $1.08 on an adjusted basis, up from 96 cents a year ago. Peacock, the flagship streaming service at NBCU, picked up 4 million paid subscribers during the quarter, reaching 28 million.
Its revenue shot up 64% year-over-year to reach $830 million, as losses narrowed. The streaming service posted an adjusted EBITDA8 loss of $565 million, an improvement over the $614 million in the prior-year period.
Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
Report this news
Related News
Celebrities
Locations