Comcast Q3 Earnings: Olympics Power NBCUniversal Gains, Peacock Hits 36M Subscribers, Explores Forming New Company Of Cable Networks

Comcast Corp (NASDAQ:CMCSA) reported a third-quarter revenue decline of 6.5% year-over-year to $32.07 billion, beating the analyst consensus estimate of $31.64 billion.

The company reported adjusted EPS of $1.12, beating analyst consensus estimates of $1.06. The stock price gained after the earnings report.

Also Read: Verizon Q3 Earnings: Wireless Subs Boost with 5G Offers, $1.7B Severance Charge Hit To Profit, Reiterates Annual Outlook

Summer Olympics in Paris proved instrumental in driving higher NBCUniversal revenue and Peacock subscribers. 

The media segment posted revenue growth of 36.5% ...