Earnings

Comcast earnings 2Q 2022

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Comcast reported second-quarter revenue and earnings that topped analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever.

Comcast’s high-speed internet customers in the quarter were flat, trailing the 84,000 average analyst estimate, according to FactSet. Revenue rose 5.1% to $30.02 billion from a year prior, helped by NBCUniversal’s theme parks and studios businesses. Adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, rose 10.1% to $9.8 billion.

Shares of Comcast fell more than 7% in premarket trading. The stock was down more than 13% year-to-date as of Wednesday’s close.

Comcast is seeing growing…



Source cnbc.com

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