Comcast Corp's second-quarter revenue beat Wall Street estimates on Thursday, as the media giant emerges from the pandemic, benefiting from higher ...
Comcast Corp's second-quarter revenue beat Wall Street estimates on Thursday, as the media giant emerges from the pandemic, benefiting from higher ad sales and theme parks reopening.
The pandemic has created a distinction between digital businesses and those that are more reliant on in-person interactions. Comcast has a mix of both.Total revenue rose 20.4per cent to US$28.55 billion in the quarter, beating analysts' estimates of US$27.18 billion, according to IBES data from Refinitiv.
Comcast's NBCUniversal has aggressively pushed its digital platforms this year and views the Olympic Games as a vital driver of subscribers for its Peacock streaming service. Mass vaccinations have also helped NBCUniversal's theme parks, which have reopened. Theme parks revenue amounted to US$1.1 billion during the quarter, versus just US$136 million a year ago, when stay-at-home orders crippled the business.
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