Even though broadband was slower than expected, Comcast was able to beat predictions with higher prices. Earnings per share were $1.13, which was more than the 97 cents that was expected. The amount of money made was $30.51 billion, which was more than the predicted $30.13 billion.
The number of people who use Peacock, Comcast’s streaming service, nearly doubled, to 24 million. Peacock made $820 million, an increase of 85%. Even with this rise, NBCUniversal’s media business is still losing money because of streaming platforms.
Shares of Comcast went up by almost 5% to a 52-week high. After the business reorganized and grouped Xfinity services with Sky in the U.K., sales in this section stayed the same at $20.36 billion.
During the quarter, Comcast got about 6 million new Xfinity mobile users but lost 543,000 cable TV customers.
Comcast put streaming first, even though Peacock’s adjusted losses went up to $651 million because it was still young. Even so, Peacock thinks that as more Xfinity customers switch to premium subscriptions, they will add more users.
Sales of content and events at NBCUniversal went up by 4% to $10.87 billion. Even though “The Super Mario Bros. Movie” and “Fast X” were big hits, the film studio’s income went down by 1%.
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The great start of Super Nintendo World at Universal’s Hollywood park led to a 22% increase in income for NBCUniversal’s theme parks business.
Comcast’s US advertising revenue declined 5% due to a lack of activity. Marketing pledged $7 billion in 2022 at the company’s
upfronts.
“The Super Mario Bros. Movie” and “Sunday Night Football” are terrific fall shows Comcast hopes will draw more viewers to Peacock.
Business leaders are cautiously hopeful despite competition, cord-cutting, and a weak economy.
The way Comcast did in Q2 shows how flexible and smart it is in the changing media and streaming world. The company sets itself up for long-term growth by getting past problems and taking advantage of
chances.
Our Reader’s Queries
How do I speak to a live person at Comcast?
If you’re experiencing anxiety that’s causing bad dreams about how to speak to a live person at Comcast, there’s no need to worry. Simply dial their official number at +1 (855)-345-0337 or 1-(800)-934-6489 and help will be readily available. But keep in mind that there are other ways to connect with a Comcast agent as well.
What is the difference between Comcast and Xfinity?
Xfinity and Comcast are two distinct brands that belong to the same company. Xfinity is the go-to provider for TV and internet services, while Comcast is the parent company that oversees Xfinity and other brands such as NBCUniversal.
How do I call Xfinity customer service?
Thank you for visiting the Comcast Carrier Services website. If you are a valued Comcast customer and need assistance with any of our services, please don’t hesitate to contact us at 1-800-Xfinity (800-934-6489). We are always here to help and ensure that your experience with us is seamless and enjoyable.
What does Comcast do?
Our company provides a wide range of cable services, including local and national broadcast stations, regional cable networks, and premium channel subscriptions. We also offer government and public access programming, as well as advertising, distribution, and content licensing services. Our goal is to provide our customers with the best possible viewing experience, while also offering valuable opportunities for businesses to reach their target audience through our advertising services. Whether you’re looking for entertainment, information, or advertising solutions, we’ve got you covered.