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Comcast Q3 Boosted by FIFA World Cup, ‘Odyssey,’ Despite Revenue Downturn
Brian Roberts, chairman and chief executive officer of US cable giant Comcast, speaks during a ceremony to announce a strategic partnership between Chinese e-commerce giant Alibaba Group and Universal Beijing Resort in Beijing on October 17, 2019. - Comcast is the largest US cable provider and owns the NBCUniversal media group. (Photo by WANG Zhao / AFP) (Photo by WANG ZHAO/AFP via Getty Images)
AFP via Getty Images

Comcast‘s third-quarter results were buoyed by a surge in advertising tied to the Spanish-language telecast on NBCU’s Telemundo and the box-office performance of films like “The Odyssey,” but revenue in most parts of the company’s cable-and-media empire dipped as the Philadelphia media conglomerate faced challenges in its core cable-and-connections business as well as its theme parks.

Comcast said third quarter revenue fell 6.1% to nearly $29.3 billion, compared with nearly $31.2 billion in the year-earlier period. Net income, however, rose 3.5%, to nearly $3.45 billion, compared with $3.33 billion in the year-ago quarter.

More to come….

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