Comcast beat Wall Street's third-quarter earnings expectations, as strength in its media unit offset headwinds at its theme parks. Peacock posted a quarterly profit for the second time since its 2020 launch, with 261 million USD in adjusted EBITDA on 1.8 billion USD in revenue, helped by record World Cup viewership. Media revenue rose 13% to 5.4 billion USD, while connectivity and platforms revenue fell 2.7%, with net losses of 144,000 domestic broadband customers and 274,000 cable customers offset by 368,000 mobile additions. Theme park revenue fell 4.4% to 2.6 billion USD and adjusted EBITDA dropped 17%, while adjusted EPS of 1.07 USD beat the 98 cents expected. Comcast also plans to spin off NBCUniversal and Sky into a separate publicly traded company, a process expected to take about a year.
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