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Peacock Is “Seeing Traction” From Combo Of Sports And Entertainment, Comcast President Mike Cavanagh Says – Update
Comcast Q1 Earnings: Peacock Reaches 34 Million Subscribers
Comcast reported first quarter results that outpaced Wall Street expectations, with Peacock reaching 34 million subscribers but seeing higher programming costs erode profits in the Media unit. Total revenue inched up 1% to $30.1 billion, with adjusted earnings per share coming in at $1.04, up from 92 cents in the year-ago period. Content licensing revenue declined in the period, primarily due to the timing of when theatrical titles reached other windows.
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