The Universal Studios, NBCUniversal, and Peacock parent beat on profitability but whiffed on revenue in its second quarter. This reflected a mix of rises and declines in its numerous business operations.
Disney is expected to publish its Q3 FY'24 results in early August. We expect Disney's revenues to come in at $23.2 billion for the quarter, slightly ahead of consensus estimates, marking an increase of about 3% compared to the last year.
Walt Disney's ESPN, Comcast-owned NBCUniversal and Amazon.com have clinched the rights to carry National Basketball Association games in a reported $76 billion deal.
Comcast Corporation CMCSA shares are trading lower after the company reported worse-than-expected second-quarter sales results yesterday.
Adjusted EPS exceeded estimates, reaching $1.21. Total revenue decreased by 2.7% year over year.
Comcast's sales declined as studio and theme park revenue dropped. Its steaming service, Peacock, was a bright spot in the quarter.
Comcast's (CMCSA) second-quarter earnings reflect a continued strength in domestic wireless subscribers and Peacock, offset by a declining broadband subscriber base and theme park business.
Comcast (CMCSA) shares fell Tuesday following the release of a mixed second-quarter earnings report, as revenue narrowly missed and adjusted profit beat analysts' estimates.
Comcast Corporation (NASDAQ:CMCSA ) Q2 2024 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants Marci Ryvicker - Executive Vice President, Investor Relations Mike Cavanagh - President Jason Armstrong - Chief Financial Officer Brian Roberts - Chairman & Chief Executive Officer Dave Watson - President & Chief Executive Officer, Comcast Cable Conference Call Participants Ben Swinburne - Morgan Stanley Craig Moffett - MoffettNathanson Jessica Reif Ehrlich - Bank of America John Hodulik - UBS Jonathan Chaplin - New Street Michael Ng - Goldman Sachs Steven Cahall - Wells Fargo Operator Good morning, ladies and gentlemen, and welcome to Comcast's Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Comcast said on Tuesday it expects to announce an 11-year broadcasting rights deal with the National Basketball Association to carry 100 games every regular season across its NBC network and Peacock streaming services.
The headline numbers for Comcast (CMCSA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Comcast (CMCSA) came out with quarterly earnings of $1.21 per share, beating the Zacks Consensus Estimate of $1.11 per share. This compares to earnings of $1.13 per share a year ago.