Comcast beats estimates on sports boost, easing broadband losses

Comcast topped Wall Street expectations in the first quarter, helped by a blockbuster sports lineup that lifted subscriber growth and engagement. Its core broadband business also performed better than feared, losing fewer customers than anticipated. The report points to improving underlying fundamentals across content and broadband.

Analysis

Comcast topped Wall Street expectations in the first quarter, helped by a blockbuster sports lineup that lifted subscriber growth and engagement. Its core broadband business also performed better than feared, losing fewer customers than anticipated. The report points to improving underlying fundamentals across content and broadband.