Overview
- Comcast reported Q2 revenue of $30.31 billion with adjusted EPS of $1.25, surpassing LSEG estimates of $29.81 billion and $1.18 per share
- Net income jumped 183% year-over-year to $11.1 billion thanks to the one-time $9.4 billion gain from selling its Hulu stake to Disney
- The May debut of Epic Universe in Central Florida drove theme park revenue up 19% to $2.35 billion despite being open for only one month in the quarter
- Peacock streaming revenue rose 18% to $1.23 billion as losses narrowed to $101 million and the service held steady at 41 million paid subscribers
- Connectivity gains included 378,000 new wireless subscribers alongside 226,000 broadband customer losses, prompting simplified bundles and a five-year internet price-lock guarantee