NBCUniversal launches new Peacock streaming service.
Todd Williamson | Peacock | NBCUniversal | Getty Images
Comcast Third-quarter earnings are released before the market closes on Thursday. Wall Street will once again focus on the subscriber numbers and growth of broadband and streaming platform Peacock.
In recent quarters, investors have focused on Comcast and its cable peers’ broadband businesses as they grow their customers. stumbled. Comcast executives blame the recession on slowing home sales. Competition has also increased from wireless providers, e.g. Verizon and T-Mobile.
Comcast’s broadband revenue has grown in recent quarters and helped drive profits despite slowing net subscriber growth.
Comcast’s expected performance is as follows, according to estimates from analysts surveyed by London Stock Exchange Group (LSEG):
- Earnings per share: Estimated $1.06
- income: Estimated US$31.66 billion
Wall Street will also be watching Peacock’s progress in user growth and how much the platform will cost the company this quarter.
Peacock has 34 million customers End of Season 2. Things improved last quarter, although Peacock’s losses continued to weigh on the company.
Analysts expect Comcast-owned NBCUniversal, part of its media business, may see profits Promoted The Paris Summer Olympics are mainly held at the beginning of the third quarter.
A recent Deutsche Bank analyst note said: “Paris appears to represent a renaissance when it comes to the Olympics, with strong ratings, unprecedented use of peacocks, strong ad sales and positive buzz/ energy.
In the report, Deutsche Bank estimated that the Olympics helped boost media revenue by nearly 40% and said it expected Comcast to add 2.5 million Peacock units this season.
While broadband and streaming results tend to overshadow other business units, theme park results will also be of interest.
Revenue at Universal’s theme parks has begun to cool recently as attendance surged after last year’s coronavirus lockdowns. As visitor numbers normalized, theme park revenue fell nearly 11% last quarter.
Still, Comcast executives said they remain “bullish” on the future of the business.
The Deutsche Bank report said U.S. theme parks will likely continue to face harsh comparisons, while international theme parks are expected to perform better. influence Hurricane Helen The report said Florida could reduce park hours late in the third quarter and have a slight impact on results.
Revealed: Comcast owns NBCUniversal, the parent company of CNBC. NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. rights holder for all summer and winter Olympics through 2032.
This story is developing. Please check back for updates.
