Comcast revenue boosted by streaming growth at Peacock — but shares plunge 5%

Group 1: Financial Performance - Comcast reported total revenue of $30.06 billion, exceeding analyst expectations of $29.81 billion [2] - Revenue from the Peacock streaming service rose approximately 54% year-over-year, contributing to the overall revenue growth [1] Group 2: Subscriber Growth - Peacock added 3 million subscribers in the first quarter, bringing its total to 34 million, surpassing estimates of 2.32 million [1] - The growth was driven by significant investments aimed at enhancing competitiveness against Netflix and Disney+ [1] Group 3: Challenges in Broadband Market - Comcast faced competitive pressure in the broadband market, losing 65,000 broadband customers in the January-March quarter, which was worse than the estimated loss of 49,000 [2] - Analysts anticipate further broadband losses due to the expiration of the Affordable Connectivity Program (ACP) funding [2] Group 4: Theme Parks Performance - The theme parks segment benefited from successful launches, including Super Nintendo World in Japan [4] - Comcast is investing in the Epic Universe theme park at Universal Orlando Resort, expected to open by summer 2025, to drive future growth [4]