Comcast Beats Revenue Estimates with Streaming and Theme Park Growth
Comcast exceeded Wall Street expectations for quarterly revenue, propelled by robust growth in its streaming and theme parks divisions, which offset a decline in broadband subscribers. The media giant reported a revenue increase of 2.3% to $31.25 billion in the fourth quarter, surpassing analysts' estimates of $30.51 billion. During a call with investors, Comcast CEO Brian Roberts addressed speculation about potential acquisitions, emphasizing the company's commitment to its existing strategy. Despite ongoing industry speculation, Roberts reiterated that new initiatives must...