{"id":238788,"date":"2021-04-29T18:30:49","date_gmt":"2021-04-29T15:30:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/comcast-profits-surge-despite-revenue-drop-at-nbcuniversal\/"},"modified":"2021-04-29T18:30:49","modified_gmt":"2021-04-29T15:30:49","slug":"comcast-profits-surge-despite-revenue-drop-at-nbcuniversal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/comcast-profits-surge-despite-revenue-drop-at-nbcuniversal\/","title":{"rendered":"#Comcast profits surge despite revenue drop at NBCUniversal"},"content":{"rendered":"

“#Comcast profits surge despite revenue drop at NBCUniversal<\/strong>”<\/p>\n

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Comcast said its quarterly profit soared 55 percent, lifted by its booming broadband and wireless businesses even as its NBCUniversal unit\u2019s theme<\/a> parks and TV networks continued to get hammered by the pandemic. <\/p>\n

The cable TV giant also gave investors a peek into its nascent streaming business, Peacock, which launched in July. The company said its media<\/a> segment, which includes Peacock, broadcast and cable TV, saw revenue increase just over 3 percent to $5.04 billion.<\/p>\n

Overall, the Philadelphia-based company, which operates NBCUniversal, Universal Studios and Universal Pictures in addition to its namesake cable TV service, posted a profit of $3.33 billion, or 71 cents a share, beating analysts\u2019 estimates of 58 cents. Revenue rose more than 2 percent to $27.21 billion.<\/p>\n

At NBCUniversal, Comcast\u2019s business that has been hardest-hit by the pandemic, revenue sank 9 percent to $7.02 billion. The company\u2019s theme parks unit, Universal Studios, got walloped with revenue tumbling 33 percent. Excluding pre-opening costs linked to its Beijing resort, the division managed to break even. <\/p>\n

Meanwhile, at NBCU\u2019s film and TV studios, revenue slid 0.6 percent to $2.4 billion, as Hollywood production and the movie theater industry is still hamstrung by the coronavirus. <\/p>\n

\"The
The company said its media segment, which includes Peacock, broadcast and cable TV, saw revenue increase just over 3 percent to $5.04 billion.<\/figcaption>
Mustafa Murat Kaynak\/Anadolu Agency\/Getty Images<\/span><\/figcaption><\/figure>\n

The company said Peacock hit 42 million sign-ups, due in part to the recent addition of the WWE Network and the Steve Carrell sitcom \u201cThe Office.\u201d Peacock declined to provide a breakdown of customers. Customers can either watch Peacock for free with ads or sign up for a premium, ad-free version for $4.99 a month. <\/p>\n

It\u2019s unclear how many customers are paying. Peacock\u2019s premium version is free to Comcast pay TV and broadband customers as well as Cox Communications consumers. <\/p>\n

Comcast\u2019s high-speed broadband internet has benefited during the pandemic as more consumers are working from home. During the quarter, Comcast added 461,000 new broadband customers. The company\u2019s cellphone business, Xfinity Mobile, also logged a record quarter with 278,000 new customers, due in part to new multiline discount offers.<\/p>\n

But it wasn\u2019t all rosy for Comcast, which continued to lose pay TV subscribers as more customers opt to stream content. The firm said it lost 491,000 TV subscribers during the first quarter.<\/p>\n

\"The
The company\u2019s cellphone business, Xfinity Mobile, also logged a record quarter.<\/figcaption>
Smith Collection\/Gado\/Getty Images<\/span><\/figcaption><\/figure>\n

Nonetheless, Comcast chief executive Brian Roberts said the company is \u201coff to a great start in 2021,\u201d even as NBCU is slowly \u201crecovering\u201d from COVID-related fallout and \u201cincreasing momentum.\u201d <\/p>\n

\u201cOur entire company performed well across the board, highlighted by another strong performance from cable, which posted \u2026 the most quarterly customer relationships in our company\u2019s history,\u201d he said.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Comcast profits surge despite revenue drop at NBCUniversal” Comcast said its quarterly profit soared 55 percent, lifted by its booming broadband and wireless businesses even as its NBCUniversal unit\u2019s theme parks and TV networks continued to get hammered by the pandemic. The cable TV giant also gave investors a peek into its nascent streaming business,…<\/p>\n","protected":false},"author":1,"featured_media":238789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/04\/comcast-earnings.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[103841,103941,72125,70237,71338,1372],"class_list":["post-238788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-29-21","tag-brian-roberts","tag-comcast","tag-corporate-earnings","tag-nbcuniversal","tag-streaming"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=238788"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/238789"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=238788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=238788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=238788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}