Comcast first-quarter results beat across the board, lifted by media and parks revenue

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Comcast first-quarter results beat across the board, lifted by media and parks revenue
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The company beat on the top and bottom lines, and reported 262,000 net additions for high-speed internet customers, which was above analysts' estimates.

Thursday that beat analyst estimates on the top and bottom lines, sending shares up more than 2% in premarket trading.86 cents, adjusted vs. 80 cents per share, according to Refinitiv262,000 vs. 229,000 net additions, according to analysts surveyed by FactSet

Comcast's Universal theme park business continued to recover after extended shutdowns due to the coronavirus pandemic. Revenue in the division soared more than 151% year over year to $1.56 billion, which exceeded analysts' projected $1.44 billion, according to FactSet. NBCUniversal saw a roughly 46% revenue rise in the first quarter, which included $1.5 billion from the Beijing Olympics and the Super Bowl.Here's how Comcast's divisions did for the quarter compared with a year earlier:Media brought in $6.87 billion in revenue, up 36.3%Theme Parks brought in $1.56 billion in revenue, up 151.9%Excluding revenue from the Beijing Olympics and the Super Bowl, Comcast said its media division brought in $5.

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