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Comcast has reported higher earnings, with revenue and profit exceeding estimates, thanks to strong sales at its Universal theme parks and broadband business. However, the company continues to lose cable-TV subscribers. The success of the Oppenheimer movie was not enough to offset a 25% drop in revenue for Comcast's Studios division. Despite the positive results, Disney is experiencing a decrease in visits to its theme parks due to rising costs and inflation.
Wowzers! | "At $40,000, Luxury Disney World Vacations Drain Wallets of Die-Hards" https://t.co/IMHARWRFNu https://t.co/7v52tPXWRi
In the first half of this yea, Roku lost $301.2 million on $1.59 billion in sales. https://t.co/V0hyVSNOoG
At $40,000, Luxury Disney World Vacations Drain Wallets of Die-Hards https://t.co/TG599wLB61
In the first half of this yea, Roku lost $301.2 million on $1.59 billion in sales. https://t.co/4dackXr5wD
Alongside @comcast’s very promising six-year-old wireless business, it’s expanding its capabilities to go after more and larger business customers as it invests more in consistently growing the @comcastbusiness segment, Comcast executives said today. ↓ https://t.co/hI1wAZpMFB
Comcast Faces Skepticism On Wall Street As Ad Decline Accelerates, Strike Toll Mounts And Broadband Experiences Buffering https://t.co/hKTAronaQK
Dinner with Cinderella, princess makeovers and custom lightsabers: How the rich spend $40K on a week at Disney https://t.co/xC2GUV5Td4 https://t.co/am6sqtJ59D
Peacock calls out the Super Mario movie -- along with football -- for helping drive 17% increase in paid subscribers vs last quarter. https://t.co/oFhsuB7erG
Peacock Lost $565 Million This Summer – IndieWire https://t.co/zPGcMT5ZtU
Peacock lost $565 million this summer. That's nothing. The streamer is now expected to lose about $880 million from October to December. https://t.co/Medp9rVEAC
Peacock's sports lineup of the NFL, MLB, and the Premier League helped add 4 million new subscribers in Q3. NBC’s streaming service posted a 64% increase in revenue to $830 million.
Disney raked in record theme-park revenue last year, but as the era of free-spending revenge travel fades away and inflation pinches the pocketbooks of US families visits, to Disney World are down. @AnnaJKaiser explains https://t.co/TxTlwCFzOB https://t.co/SUCS0dtG53
In the last quarter Peacock up 4M subs to reach 28M subscribers.
Peacock Lost $565 Million This Summer https://t.co/Cd8F7x7syb
Feeling *seen* by this story about the crazy costs and complexities of visiting Disney World. My family briefly entertained a rite-of-passage vacation this year and realized it was less cash out of pocket to buy plane tickets to Japan. Not even kidding. https://t.co/dllqdzl9Rq
In its Q3 earnings report, Comcast reported its theme parks EBITDA increased 20% - the highest quarterly profit ever for the division. The increase was driven by higher revenue at international parks and Super Nintendo World at USH - but offset by lower revenue in Orlando. https://t.co/hjB8GQQqsr
While its theme-park division did fine, the company lost broadband customers. https://t.co/ZdJNfd9P5O
Comcast predicts "accelerated" wireless growth in 4Q. It added 294k customers in the 3q.
Comcast says on call that Peacock est. losses for 2023 will be $2.8b (previously $3b) and 2024 losses will meaningfully improve from 2023.
Despite the success of #Oppenheimer, Comcast posted a revenue drop of 25% year-over-year in Q3 for its Studios division. https://t.co/gyVcg0LuCt
Over the past four years, Comcast lost one-third of its pay-TV customers https://t.co/wlJNbaMM6H
NBCUniversal Ad and Studio Revenues Tumble, Peacock Reaches 28M Subscribers https://t.co/s3aV8FwjXw
Comcast reports higher earnings, boosted by its theme parks and broadband business, even as cable-TV subscribers continued to ebb away https://t.co/3MCeygWC0A
Comcast Shrugs Off Domestic Ad Dip To Top Wall Street Q3 Estimates; Peacock Hits 28M Paid Subscribers https://t.co/xN3qhAFDm3
Comcast revenue and profit top estimates as Universal theme park sales soar https://t.co/67lpLVNCKF
Comcast revenue and profit top estimates as Universal theme park sales soar https://t.co/CMTyGV8ZNP
Comcast shares rising in premarket. https://t.co/EuRQySt3hp
Comcast reports higher earnings, boosted by its theme parks and broadband business, even as cable-TV subscribers continued to ebb away https://t.co/GgwIGRKxDy
A Disney vacation is more expensive than ever. So visitors are dialing back their trips. https://t.co/TXGk0RMkbO