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Comcast's Q2 Earnings: Studios And Theme Parks Pull Revenue Lower, Broadband And Video Subs Fall
Comcast Corp (NASDAQ:CMCSA) reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.
The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12. The stock price fell after the earnings report.
Revenue from Studios declined by 27% year over year to $2.25 billion due to higher revenue from theatrical releases in the prior year period, including The Super Mario Bros. Movie and Fast X.
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