Comcast topped analyst expectations with its first quarter earnings report Thursday, despite the cable and media giant's residential broadband business's slowing growth and mounting Peacock losses.
Still, it was a sign that Comcast, like its peers, continue to face slowing growth in the broadband business.
Cable TV customers continued their exodus from the traditional bundle, with Comcast losing 614,000 subscribers during the quarter.
Comcast said Peacock subscribers grew more than 60% year-over-year to 22 million, and revenue was up 45% to $685 million.
Peacock had $704 million in losses, up from losses of $456 million in the same period last year.