Comcast outperformed third-quarter earnings and revenue projections, surpassing analysts' expectations. NBCUniversal’s coverage of the Paris Olympics fueled revenue growth across various segments, significantly boosting NBC’s media segment. The exclusive games streaming on Peacock also brought in 3 million new subscribers. Peacock’s revenue increased over 80% year-over-year while losses for the platform narrowed. Comcast’s broadband unit faces slowing growth due to reduced housing market activity and increased competition from wireless providers, according to the company. Wireless customers increased, while cable TV subscribers declined.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Comcast outperformed third-quarter earnings and revenue projections, surpassing analysts'
00:06expectations. NBCUniversal's coverage of the Paris Olympics fueled revenue growth across
00:12various segments, significantly boosting NBC's media segment. The exclusive streaming of the
00:18games on Peacock also brought in 3 million new subscribers. Peacock's revenue increased over 80%
00:24year-over-year, while losses for the platform narrowed. Comcast's broadband unit faces slowing
00:29growth due to reduced housing market activity and increased competition from wireless providers,
00:34according to the company. Wireless customers increased while cable TV subscribers declined.