Comcast beats earnings expectations, reports Peacock sign-ups grow to 42 million

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EARNINGS: Comcast beats earnings expectations for Q1. -EPS: 76 cents adj. vs. 58 cents est. -Revenue: $27.21 billion vs. $26.7 billion est.

Comcast reported first-quarter results before-the-bell on Thursday that beat analyst estimates on both the top and bottom lines.NBCUniversal kicks off it's new Peacock streaming service.reported first-quarter results before-the-bell on Thursday that beat analyst estimates on both the top and bottom lines.76 cents adj.

The company also had its best first-quarter result on record for total customer relationships, adding 380,000 to 33.5 million. It added 461,000 high-speed internet customers. Studios revenue decreased 0.6% to $2.4 billion in the first quarter of 2021, primarily reflecting lower theatrical revenue. Theatrical revenue decreased 87.7%, driven by the deferral of big-screen releases, theater closures and capacity limits.

 

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