The company posted revenues of $29.89 billion, a slight decline of 0.6% compared to the same period last year. Despite this, Comcast surpassed analyst expectations with a 4.5% increase in adjusted earnings per share, reaching $1.09.
A study by Parrot Analytics showed that both networks have a strong audience demand, reinforcing their crucial role in Comcast's entertainment strategy.
Mike Cavanagh, the company’s president, said on an earnings call that Comcast might transfer the cable networks owned by its NBCUniversal division—including Syfy, Bravo, and USA Network—into a new company.