Comcast felt the impact of the coronavirus shutdown in the second quarter as the media giant posted double-digit declines in revenue and profits. The parent company of NBCUniversal stated that its …
streaming service has generated 10 million “sign-ups” since its debut in April for Comcast Xfinity customers.
All told, Comcast revenue slid 11.7% year-over-year for the quarter to $23.7 billion. Adjusted net income dropped 12.2% to $3.17 billion. “Our response to COVID-19 has been extraordinarily fast and effective, and our products and brands continue to resonate strongly with our customers across all segments and all geographies. The solid results that we delivered in the quarter highlight the resilience of our company. Cable delivered record second quarter customer relationship net adds, driven by the best second quarter high-speed internet net adds in 13 years.
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