Comcast beat first-quarter earnings expectations on Thursday, as broadband drove revenue even as the company and its peers have seen customer growth slow.
Revenue from the domestic broadband customers segment boosted that growth as rates increased, even as Comcast lost 65,000 customers during the quarter.
The three businesses now report under the same segment, which collectively saw revenue rise 1.1% to $10.37 billion.
The service added 3 million paid subscribers during the quarter, bringing its total number of customers to 34 million.
While domestic advertising was flat during the quarter, the company saw its domestic distribution revenue increase, driven by the growth at Peacock.
Persons:
NBCUniversal, Peacock, Oppenheimer
Organizations:
Comcast, LSEG, Revenue, Universal Pictures, CNBC
Locations:
Peacock, NBCUniversal