Comcast beats estimates on broadband, theme park strength
05/08/2023|3:52:45 PM|Reuters

Comcast Corp said it beat quarterly profit forecasts on sustained demand for its broadband services and rising theme park attendance, giving the media giant a lift days after it fired NBCUniversal's chief.

The company's shares rose 4% as the report showed a smaller-than-expected 4.3% drop in total revenue to $29.69 billion in the first quarter. Analysts had estimated $29.30 billion, according to Refinitiv data.

Theme parks revenue climbed nearly 25%, thanks to a rebound in attendance at its parks overseas and the lifting of COVID-19 curbs in China.

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