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Comcast Sees Q4 Profit Rise 8% on Business Services, Peacock, Theme Parks
Comcast said its fourth-quarter profit rose nearly 8% as it reaped performance from business services, its Peacock streaming hub and its theme parks
Comcast saw fourth-quarter profit surged 7.8% as the cable giant increased the number of businesses using its communications services, its Peacock streaming hub added 3 million subscribers and its theme parks saw robust activity. “Our unique and complementary capabilities will enable us to capitalize on the many opportunities ahead,” said Brian Roberts, the company’s chairman. The company eked out positive results despite losing 389,000 video subscribers and seeing a 6.9% decline in U.S. advertising at NBCUniversal.
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