Comcast beats estimates on sports boost, easing broadband losses
Comcast topped Wall Street expectations for the first quarter on Thursday, as a blockbuster sports lineup boosted subscriber growth and engagement, while its core broadband business lost fewer customers than anticipated.
Shares of the company jumped nearly 8% in premarket trading.
A packed live sports calendar, capped by the Winter Olympics, Super Bowl and the return of National Basketball League games, drove stronger advertising sales and user growth at the company’s Peacock streaming service.
