Comcast Beats Q2 Estimates, Boosted By Connectivity, Content, And Theme Parks

About Comcast Beats Q2 Estimates, Boosted By Connectivity, Content, And Theme Parks

Comcast exceeded Wall Street earnings expectations in the second quarter, reporting adjusted earnings of 1.25 per share and revenue of 30.31 billion dollars. The company's strong performance was driven by growth in connectivity, content, and theme parks, despite losing 226,000 broadband customers mainly from residential accounts. A strategic broadband revamp and record mobile line additions contributed to their success. NBCUniversal also saw revenue growth, offsetting declines in domestic advertising and pay TV.