Peacock Drives Comcast's Q1 Growth Despite Streaming Losses

Comcast's Peacock reaches 34 million subscribers and narrows losses, but broader challenges in broadband and cable persist.

Comcast's Q1 revenue rises to $30.06 billion, driven by Peacock's 54% revenue increase and theme park gains.
Peacock's subscriber base grows to 34 million, benefiting from NFL game exclusivity and 'Oppenheimer' release.
Despite growth, Peacock posts a $639 million loss, though narrower than previous quarters.
Broadband and cable sectors face declines, with Comcast losing 65,000 broadband customers.
Comcast's overall net profit edges up slightly, amidst ongoing challenges in traditional cable services.