Comcast Corporation (NASDAQ:CMCSA, ETR:CTP2) has said this summer's Olympics in Paris helped to propel revenues in the likes of its Peacock streaming service over the third quarter. Average daily viewers during the games jumped by 82% to 31 million against the 2021 Olympics, generating $1.9 billion in advertising revenue, Comcast reported on Thursday.
Comcast is exploring separation of cable business
Comcast (CMCSA) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $1.06 per share. This compares to earnings of $1.08 per share a year ago.
CNBC's Joe Kernen reports on the company's quarterly earnings results.
Comcast beat third-quarter revenue estimates on Thursday, driven by strong box office performance for its studio, higher ad sales during the 2024 Paris Olympics and a smaller-than-expected decline in broadband subscribers.
The number of viewers of the Paris Olympics jumped 82% from the Tokyo games held three years ago, the telecommunications and media company said.
Comcast reports third-quarter earnings before the bell on Thursday. Wall Street will be focused on the continued broadband industry trends — and whether there are any signs of improvement for customer growth.
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Comcast (CMCSA) stock price has crawled back in the past few months, helped by the ongoing US equities rally. It has rebounded by 17% from its lowest level this year and is hovering near its highest point since March 28, bringing its market cap to over $162 billion.
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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Comcast (CMCSA), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Comcast (CMCSA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.