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Comcast Q2 Revenue Dips On Studio And Theme Park Wobbles; Peacock Sheds 500K Subscribers But Trims Losses And Hits $1B In Revenue
Comcast posted second-quarter revenue below Wall Street analysts' expectations as Peacock subscriber levels declined and the film studio faltered.
Comcast posted second-quarter revenue below Wall Street analysts’ expectations and also saw Peacock subscriber levels decline after a burst in the prior quarter. Revenue of $29.7 billion dipped 3% from the same period in 2023, while earnings per share beat estimates, rising 7% to $1.21 on an adjusted basis. The company was the first in the video sector to announce it has closed its upfront sales process, reporting last week that it notched “modest growth” in cash commitments thanks to digital, sports and Peacock.
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