Comcast reports Q2 results and announces business split
The company also announced plans to split its cable and media businesses, while Peacock posted its first profit.
Lukas Blazek
Comcast shares climbed after the company reported second-quarter results that topped forecasts, according to reports.
Comcast's Q2 earnings beat offset broadband woes, according to reports.
Peacock turned its first profit, according to reports.
Comcast plans to split its cable businesses from its media business, creating two separate publicly traded companies. The studio was a standout as Comcast plots its next big move, according to reports.
Economics Correspondent · Talivio News
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Sources
- — Comcast shares climb as second-quarter results top forecasts (opens in a new window)
- — Comcast earnings highlight NBCUniversal strength ahead of planned split (opens in a new window)
- — Comcast earnings highlight NBCUniversal strength ahead of planned split (opens in a new window)
- — Comcast quarterly earnings beat as company advances NBCUniversal and Sky separation (opens in a new window)