Comcast beats earnings expectations as media revenue offsets weakness in connectivity

Comcast reported third-quarter earnings that exceeded Wall Street forecasts, driven primarily by strength in its media division and continued profitability of its Peacock streaming platform.
Peacock achieved adjusted earnings before interest, taxes, depreciation and amortization of $261 million on $1.8 billion in revenue, marking the second quarterly profit since the service’s launch in 2020. The platform maintained 48 million paid subscribers, unchanged from the prior quarter but representin