Comcast’s NBCUniversal businesses suffered in second quarter, while broadband unit’s strong subscriber growth continued
Comcast Corp.’s second-quarter revenue fell 12% from a year earlier, as the impact of the coronavirus on its advertising-dependent businesses more than offset the cable giant’s continued success in signing up more broadband customers.
The Philadelphia-based company said revenue for the quarter ended June 30 was about $23.72 billion, down from $26.86 billion in the year-earlier period. Net profit was nearly $3 billion, or 65 cents per share, down about 4% from $3.12 billion, or 68 cents, a year earlier. FactSet analysts were...
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Sky Revenues Drop 15.5% As Coronavirus Deals Big Blow To Advertising & Sports SubsComcast has revealed that its European pay-TV broadcaster Sky has been far from immune to the headwinds of coronavirus, with the pandemic putting a significant drag on subscription and advertising …
Weiterlesen »
Barclays posts profit slide as the firm sets aside another £1.6 billion for coronavirus-related loan lossesBarclays posts profit slide as it sets aside another £1.6 billion for coronavirus-related loan losses
Weiterlesen »
South Korea's July exports seen falling for fifth month on weak global demand: Reuters pollSouth Korea's exports likely contracted for a fifth straight month in July as global demand remained weak despite the easing of coronavirus-related lockdowns, a Reuters poll showed on Wednesday.
Weiterlesen »
Spotify Hits 138 Million Paid, 299 Million Total UsersThe music streamer's loss widened as stock gains boosted payroll taxes. Advertising revenue beat the firm's forecast and started improving in June, but fell 21 percent for the second quarter amid the coronavirus pandemic.
Weiterlesen »
Turning Point USA co-founder dies of coronavirus-related complicationsThe co-founder of conservative student group Turning Point USA, Bill Montgomery, has died from complications of the coronavirus
Weiterlesen »
Spotify revenue misses as coronavirus deters advertisersSpotify Technology SA missed quarterly revenue expectations on Wednesday and forecast a soft current quarter, due mainly to a decline in ads as the COVID-19 pandemic kept advertisers at bay.
Weiterlesen »