Comcast beat analyst estimates on Thursday when it reported its second-quarter results, as higher pricing helped offset a continued slowdown in its broadband business.
The company now groups its Xfinity-branded broadband, cable TV and wireless services with its U.K.-based Sky.
Higher average rates helped to offset second-quarter subscriber losses, leading to broadband revenue growth of 4.4%.
Comcast and its peers have experienced slowing growth in the broadband segment following quarters of robust gains during the early days of the Covid pandemic.
The drop in domestic advertising was largely due to lower revenue at NBCUniversal's TV networks, which was partially offset by the leap in Peacock revenue.
Persons:
Peacock, Cord, Bob Iger, NBCUniversal, Mario
Organizations:
Comcast, Refinitiv, Disney, USA Network, Bravo, Premier League soccer, Peacock, Sky Sports, Revenue, Mario Bros, Super Nintendo, CNBC
Locations:
Beijing, Japan, Orlando, Florida