Comcast (NASDAQ: CMCSA) on Thursday reported third-quarter earnings that exceeded estimates for the top and bottom lines.
Earnings came in at 65 cents per share vs. 61 cents per share expected in an analyst survey by Refinitiv. Revenue was $22.135 billion vs. $21.819 billion expected.
High-speed internet customers numbered 363,000 net adds, in contrasts to the 295,000 expected.
Comcast also reported a net drop in video customers of 106,000 for the third quarter, better than the expected loss of 153,000, and an improvement from the previous quarter, when Comcast posted a net loss of 140,000 video customers.
Comcast also reported a net drop in video customers of 106,000 for the third quarter, better than the expected loss of 153,000, and an improvement from the previous quarter, when Comcast posted a net loss of 140,000 video customers.
The company's NBCUniversal segment, which includes broadcast and cable channels as well as theme parks and film studios, has weathered the downturn in traditional media relatively well.
Revenue from the division grew by 8% during the quarter to $8.63 billion, staying mostly in line with recent quarters.
NBCUniversal, parent company of NBC and CNBC, has posted consistent revenue figures of roughly $8 billion for the last several reports, with the exception of a particularly strong first-quarter report bolstered by coverage of the Super Bowl and the 2018 Winter Olympics.
Shares jumped $1.54, or 4.5%, to $35.66
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