Comcast tops revenue estimates on streaming growth, strong park attendance [Reuters]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
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Source: Reuters
Shares of the company were up 3.5% in premarket trading. Peacock added 3 million subscribers in the first quarter, taking its total to 34 million and outpacing estimates of 2.32 million by Visible Alpha, thanks to higher investments that Comcast hopes will help it compete better with Netflix and Disney+ Peacock became the first streaming service to exclusively air an NFL playoff game in January, which was one of its biggest growth drivers in the quarter. It also benefited from the release of 2023 hit "Oppenheimer" on Peacock in February, which became one of the most watched movies in its history. Revenue at the streaming service rose about 54% from a year earlier, helping Comcast report a total revenue of $30.06 billion. That was higher than the $29.81 billion expected by analysts, according to LSEG data. Broadband market continues to be a challenge for Comcast, with stiff competition from telecom operators such as T-Mobile and Verizon that are gaining market share. In Marc
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