Comcast Media Revenue Rises 13% as Broadband Losses Persist

Comcast’s third-quarter results showed growth in its Media business alongside continued customer losses and lower revenue in Connectivity & Platforms, the broadband-focused segment expected to remain with the company after a planned separation. Adjusted diluted earnings were $1.07 per share for the quarter ended Sept. 30, down 4% from a year earlier. Reported diluted earnings rose 7.2% to 97 cents per share. Revenue totaled $29.298 billion, a 6.1% decline from the year-earlier quarter. A pro forma comparison that accounts for the Versant separation and the sale of Sky’s German operations showed revenue up 0.5% from $29.151 billion.

Source: TokenPost