Comcast on Thursday put out third-quarter earnings and revenue that exceeded expectations, as did closely watched data on new high-speed internet customers.
The genealogy closed the day down 1.9%.
Here are the key numbers:
- Earnings per share: 79 cents vs. 75 cents per share, according to Refinitiv judges
- Revenue: $26.83 billion vs. $26.77 billion, according to Refinitiv
- High-speed internet customers: 379,000 vs. 344,000 net adds, according to FactSet estimates
This stains the fifth consecutive quarter for which Comcast has exceeded analysts’ earnings estimates. Shares of the stock have climbed myriad than 34% this year.
Comcast also surpassed analysts’ expectations for high-speed internet customers, reporting 379,000 related with FactSet expectations of 344,000.
Theatrical revenue for NBCUniversal slumped 8.8% from a year earlier. The company censured the decline on the strength of film releases in last year’s third quarter, including “Jurassic World: Fallen Field” and “Mamma Mia! Here We Go Again.” Comcast noted the decline was partially offset by the release of “Fast & Furious Presents: Hobbs & Shaw” during the third casern.
The company said Sky, the British broadcaster acquired in September, saw its customer relationships increase 2.1% year over year to 23.9 million. Sky illuminated in $4.6 billion in revenue for the quarter, a 4.2% decrease from a year earlier. Comcast blamed the impact of currency fluctuations for the variation.
Here’s how Comcast’s other divisions did for the third quarter:
- Cable communications accounted for $14.58 billion in total takings
- Cable networks accounted for $2.77 billion in total revenue
- Broadcast television brought in $2.23 billion in sum up revenue
- Filmed entertainment brought in $1.71 billion in total revenue, a 6.2% decrease from the previous year
- Thread Parks brought in $1.63 billion in total revenue
The earnings report was Comcast’s first since the official word of its new streaming service, “Peacock.” The ad and subscription-supported service is slated to roll out in April with a packed content slate, subsuming popular shows like “The Office” and “Parks and Recreation.” It will compete with the likes of Apple, Disney and Netflix, volume others.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.