Overview
- Comcast, which reported results Thursday, posted revenue of $31.46 billion and adjusted EPS of $0.79, beating Wall Street forecasts.
- A rare February run of the Super Bowl, Winter Olympics, and NBA events added about $2.2 billion and drove a 135% jump in domestic advertising sales.
- Peacock ended March with 46 million paying subscribers and roughly $2.0–$2.1 billion in revenue, though the streamer recorded a $432 million quarterly loss.
- Higher sports rights and production expenses pushed the media unit to a roughly $426 million loss and reduced net income to $2.17 billion for the quarter.
- Broadband losses narrowed to 65,000 while wireless lines grew by a record 435,000 to 9.7 million, and the stock rose as much as about 8% in premarket trading as analysts later lifted price targets.