Comcast topped Wall Street expectations in the second quarter with adjusted earnings of $1.25 per share on $30.31 billion in revenue, according to CNBC. The results were driven by strength in its connectivity, content, and theme park segments. Comcast lost 226,000 broadband customers, with most losses coming from residential accounts. The company recently revamped its broadband strategy with new pricing plans to counter ongoing industry challenges and rising competition from fixed wireless providers. Mobile lines grew by a record 378,000, while pay TV losses continued. Comcast’s net income surged to $11.12 billion, reflecting the sale of its Hulu stake. NBCUniversal revenue rose 5.6%, with film studios and theme park gains offsetting weak domestic advertising.
