Comcast (NASDAQ:CMCSA) reported first-quarter earnings Thursday that beat analyst estimates on the highest and backside strains.
Earnings Per Share got here in at 86 cents, topping the 80-cent-per-share, determine anticipated by consultants. Income proved to be $31.01 billion vs. $30.5 billion.
Excessive-speed web clients totaled 262,000 vs. 229,000 web additions, in accordance with analysts.
The corporate’s Europe-based Sky division noticed its income slide 4.5% yr over yr to $4.8 billion, because of the affect of foreign money, in addition to decrease content material income. Analysts surveyed by FactSet had been projecting Sky income of $4.92 billion for the quarter.
Comcast’s Common theme park enterprise continued to get well after prolonged shutdowns because of the coronavirus pandemic. Income within the division soared greater than 151% yr over yr to $1.56 billion, which exceeded analysts’ projected $1.44 billion
“Our restoration from the pandemic at theme parks has been incredible and exhibits no indicators of slowing down,” Comcast CEO Brian Roberts mentioned in a press release.
NBCUniversal noticed a roughly 46% income rise within the first quarter, which included $1.5 billion from the Beijing Olympics and the Tremendous Bowl.
Promoting income jumped 59.2% throughout the quarter, largely due to these two occasions.
Excluding income from the Beijing Olympics and the Tremendous Bowl, Comcast mentioned its media division introduced in $5.38 billion of income throughout the quarter, a rise of 6.9% yr over yr.
Roberts mentioned throughout Comcast’s earnings convention name that NBCUniversal’s streaming platform Peacock added 4 million paid subscribers to 13 million whole. Peacock has 28 million month-to-month energetic customers, up from 24.5 million, although Roberts added that the Olympics and the Tremendous Bowl final quarter led to a spike in Peacock development that may probably subside in quarters to come back.
CMCSA shares pointed downward in worth $1.71, or 3.9%, to $42.74.
Comcast (NASDAQ:CMCSA) reported first-quarter earnings Thursday that beat analyst estimates on the highest and backside strains.
Earnings Per Share got here in at 86 cents, topping the 80-cent-per-share, determine anticipated by consultants. Income proved to be $31.01 billion vs. $30.5 billion.
Excessive-speed web clients totaled 262,000 vs. 229,000 web additions, in accordance with analysts.
The corporate’s Europe-based Sky division noticed its income slide 4.5% yr over yr to $4.8 billion, because of the affect of foreign money, in addition to decrease content material income. Analysts surveyed by FactSet had been projecting Sky income of $4.92 billion for the quarter.
Comcast’s Common theme park enterprise continued to get well after prolonged shutdowns because of the coronavirus pandemic. Income within the division soared greater than 151% yr over yr to $1.56 billion, which exceeded analysts’ projected $1.44 billion
“Our restoration from the pandemic at theme parks has been incredible and exhibits no indicators of slowing down,” Comcast CEO Brian Roberts mentioned in a press release.
NBCUniversal noticed a roughly 46% income rise within the first quarter, which included $1.5 billion from the Beijing Olympics and the Tremendous Bowl.
Promoting income jumped 59.2% throughout the quarter, largely due to these two occasions.
Excluding income from the Beijing Olympics and the Tremendous Bowl, Comcast mentioned its media division introduced in $5.38 billion of income throughout the quarter, a rise of 6.9% yr over yr.
Roberts mentioned throughout Comcast’s earnings convention name that NBCUniversal’s streaming platform Peacock added 4 million paid subscribers to 13 million whole. Peacock has 28 million month-to-month energetic customers, up from 24.5 million, although Roberts added that the Olympics and the Tremendous Bowl final quarter led to a spike in Peacock development that may probably subside in quarters to come back.
CMCSA shares pointed downward in worth $1.71, or 3.9%, to $42.74.
