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Benzinga
  • 4 hours ago
Comcast beat Q1 estimates with adjusted EPS of 79 cents and revenue of $31.46B, up ~5% year over year. NBCUniversal boosted results through the Super Bowl, Winter Olympics, and NBA All-Star Weekend. Peacock subscribers rose 12% to 46M. Broadband losses narrowed to 65,000 from 183,000 a year ago. Mobile added 435,000 lines. Shares rose as much as 8% in premarket trading.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Comcast reported adjusted earnings of 79 cents per share on $31.46 billion in revenue,
00:09beating estimates of 73 cents per share and $30.43 billion, according to CNBC.
00:16Revenue rose about 5% year-over-year, while net income fell nearly 36% to $2.17 billion.
00:23NBCUniversal boosted revenue by airing major sports events,
00:26including the Super Bowl, Winter Olympics, and NBA All-Star Weekend
00:31during what Comcast called Legendary February.
00:34Broadband losses narrowed to 65,000 from 183,000 last year.
00:39Mobile added 435,000 lines, bringing total customers to 9.7 million.
00:45The company reported 322,000 cable TV customer losses,
00:49down from 427,000 in the same period last year.
00:54Peacock subscribers rose 12% year-over-year to 46 million.
00:58Shares rose as much as 8% in pre-market trading.
01:01For all things money, visit Benzinga.com.
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