Key facts
- Broadband users decreased by 144,000 in the third quarter.
- Comcast's media division revenue rose 13% to $5.36 billion.
- Peacock reported a pre-tax profit of $261 million, compared to a loss a year ago.
- NBCUniversal's theme park revenue fell 4.4% to $2.60 billion.
- Comcast reported adjusted profit of $1.07 per share, beating estimates.
Comcast reported a deeper-than-expected loss of 144,000 broadband customers in the third quarter, as competition from rivals like AT&T and fiber providers intensified. The company's media division, NBCUniversal, however, saw revenue climb 13% to $5.36 billion, driven by strong performance in theatrical releases and streaming. Universal Studios' film "The Odyssey" was a particular success, becoming the highest-grossing film in its history. Peacock, the company's streaming service, reported a pre-tax profit of $261 million, a turnaround from a loss in the prior year. Despite these gains, NBCUniversal's theme park unit experienced a 4.4% revenue decline to $2.60 billion, attributed to weaker demand in Orlando and fewer Chinese tourists visiting Japan due to geopolitical tensions. Comcast announced adjusted earnings per share of $1.07, exceeding analyst expectations of 98 cents.