Comcast reported second quarter revenue of $29.94 billion and adjusted EPS of $1.04, beating analyst expectations. Results were driven by Peacock reaching profitability and resilient performance in the connectivity segment.
Key Highlights
- Peacock reached profitability for the first time, reporting Adjusted EBITDA of $189 million, a $290 million year-over-year improvement, and adding 2 million paid subscribers to reach 48 million.
- The company reported record domestic wireless line net additions of 448,000, bringing total wireless lines to 10.2 million.
- Domestic residential broadband customer net losses improved year-over-year to 167,000, compared to a loss of 201,000 in the prior year's quarter.