Comcast set up a way to get it past its common disputes of devourrs leaving its cable recommendings and getting people to visit its theme parks: the Olympics.
This summer’s extravaganza from Paris helped the cable-and-amparticipatement conglomerate power its way past some of its business publishs, with overall revenue up 6.5% to $32.07 billion assessd to $30.1 billion in the year-earlier. The company shelp it saw a sboiling in the arm of $1.9 billion in revenue from the Olympics in the create of advertising cash and novel subscriptions to its Peacock streaming service, even as it an exodus of wideprohibitd and video devourrs from its huge connection-services operations. Comcast has consentd to pay $7.75 billion for NBC and its affiliated properties to have widecast rights to the Olympic Games between 2021 and 2032.
Even so, the Philadelphia owner of Xfinity web and cable services shelp it lost lost 87,000 wideprohibitd customers in the quarter, citing the finish of the federal Affordable Connectivity Program, which subsidized internet access for low-income hoparticipatehageders in the U.S.
Profit was off 10% for the period, droping to $3.63 billion, or 94 cents a split, assessd with $4.05 billion, or 98 cents a split, in the year-earlier period.
