Comcast Beats Expectations As Higher Prices Offset Slowing Broadband Growth

Comcast beat analyst estimates on Thursday when it reported its second quarter results, as higher pricing helped offset a continued slowdown in its broadband business. The company also said the number of subscribers for its streaming service Peacock nearly doubled to 24 million compared to the prior-year period, with revenue up 85% to $820 million. Still, losses from the streaming platform continued to weigh on NBCUniversal’s media business.