Comcast profits surge despite revenue drop at NBCUniversal
NY Post
Comcast said its quarterly profit soared 55 percent, lifted by its booming broadband and wireless businesses even as its NBCUniversal unit’s theme parks and TV networks continued to get hammered by the pandemic.
The cable-TV giant also gave investors a peek into its nascent streaming business, Peacock, which launched in July. The company said its media segment, which includes Peacock, broadcast and cable TV, saw revenue increase just over 3 percent to $5.04 billion. Overall, the Philadelphia-based company, which operates NBCUniversal, Universal Studios and Universal Pictures in addition to its namesake cable-TV service, posted a profit of $3.33 billion, or 71 cents a share, beating analysts’ estimates of 58 cents. Revenue rose more than 2 percent to $27.21 billion.
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