Comcast Beats Analyst Expectations with Strong Q1 Earnings Despite Peacock Losses
  • last year
Comcast ($CMCSA@US) exceeded analysts' expectations in its first quarter earnings report despite losses in its Peacock streaming service and slowing growth in its residential broadband business. The company reported $3.83 billion in earnings, or 91 cents per share, compared to $3.55 billion, or 78 cents per share, in the same period the previous year. Revenue dropped by 4 percent to $29.69 billion. Comcast's broadband business lost 21,000 residential customers during the quarter, but its Xfinity mobile business grew to almost 5.67 million customers. The company's Peacock streaming service had 22 million subscribers, generating revenue of $685 million and losses of $704 million.
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