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Comcast revenue boosted by streaming growth at Peacock — but shares plunge 5%
CMCSAComcast(CMCSA) New York Post·2024-04-25 16:37

Comcast  beat quarterly revenue estimates on Thursday driven by higher-than-expected subscriber growth at its Peacock streaming service and strong attendance at its theme parks.But shares of the company fell more than 5%.Peacock added 3 million subscribers in the first quarter, taking its total to 34 million and outpacing estimates of 2.32 million by Visible Alpha, thanks to higher investments that Comcast hopes will help it compete better with Netflix  and Disney+.Peacock added 3 million subscribers in the ...