Comcast Stock Soars as Q2 Beats Expectations, Clocks Strong Growth in Peacock Subscribers
Portfolio Pulse from Anusuya Lahiri
Comcast Corp reported a Q2 FY23 revenue growth of 1.7% YoY to $30.51 billion, beating the consensus of $30.15 billion. Adjusted EPS of $1.13 also beat the consensus of $0.97. Revenue for Connectivity & Platforms grew by 0.1% YoY to $20.36 billion, while Broadband revenue grew 4.4% YoY to $6.11 billion. Peacock's paid subscribers in the U.S. nearly doubled YoY to 24 million, with its revenue growing by 85% to $820 million. The company's stock traded higher by 7.64% at $46.19.
July 27, 2023 | 2:15 pm
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Comcast's Q2 FY23 results beat expectations, with strong growth in Peacock subscribers. This led to a 7.64% increase in the company's stock price.
Comcast's Q2 FY23 results exceeded expectations, with significant growth in Peacock subscribers. This positive news led to an increase in the company's stock price, indicating a positive short-term impact.
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