CNBC reports:
Comcast beat first-quarter revenue and earnings expectations, helped by NBCUniversal’s strong sports schedule and smaller broadband customer losses.
The company lost 65,000 broadband customers, far fewer than a year earlier, while adding 435,000 mobile lines. It is trying to stabilise broadband through more competitive pricing and mobile bundles.
NBCUniversal’s revenue surged thanks to the Super Bowl, Winter Olympics and NBA All-Star Weekend, boosting advertising and Peacock subscriptions. Peacock reached 46 million subscribers, though losses widened, with profitability expected to improve soon.