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Comcast beats estimates despite slowing broadband growth, higher Peacock losses

Comcast topped analyst expectations with its first-quarter earnings report Thursday, despite the cable and media giant’s residential broadband business’s slowing growth and mounting Peacock Losses. Comcast’s media business saw a dip in revenue in the first quarter, though its animation and theme park segments remained strong. The company also announced that its CEO, Jeff Shell, resigned due to a sexual harassment and discrimination complaint filed by an employee.

The post Comcast Beats Estimates despite slowing broadband growth, higher Peacock losses appeared first on Balanced News Summary.



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