Comcast Corporation (NASDAQ:CMCSA) reported better-than-expected second-quarter results on Thursday, driven by steady execution across its media, connectivity, and theme park businesses.
The Philadelphia-based company reported a quarterly growth of 2.1% year-over-year (Y/Y) to $30.31 billion, beating the analyst consensus estimate of $29.80 billion.
Adjusted earnings per share came in at $1.25, beating analyst consensus estimates of $1.17. Its media segment posted revenue growth of 1.8% Y/Y to $6.44 billion.
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Peacock’s paid subscribers remained steady quarter-over-quarter (Q/Q) at 41 million despite a seasonally light sports quarter, driven in part by the success of Love Island USA, while revenue grew by 18% Y/Y to $1.2 billion.
Studios’ revenue increased by 8.0% Y/Y to $2.43 billion, primarily due to higher content licensing and theatrical …