Comcast has released a report of its first-quarter earnings, doing better than expected by analysts despite slowing grown and mounting Peacock losses.
The company reported earnings of $3.83 billion (91 cents per share) compared to $3.55 billion (78 cents per share) a year earlier.
Revenue dropped from $31.01 billion to $29.69 billion, a loss of 4 percent.
On the flip side of this news, Comcast reported a growth of more than 60 percent year over year to 22 million subscribers to Peacock, the exclusive distributor of the WWE Network in the United States since March 2021, with revenue up 45 precent to $685 million.
Source: CNBC