Comcast beats revenue estimates on boost from theme parks, studios

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Comcast Corp's beat estimates for quarterly revenue on Thursday, helped by higher theme park attendance and the successful theatrical releases of 'The Super Mario Bros Movie' and 'Fast X', sending its shares up 3.5% in premarket trading.

The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake/File Photobeat estimates for quarterly revenue on Thursday, helped by higher theme park attendance and the successful theatrical releases of "The Super Mario Bros Movie" and "Fast X", sending its shares up 3.5% in premarket trading.

In its second set of results under a new reporting structure that includes NBCUniversal in the content and experiences segment, the company reported a 4% increase in revenue in the unit to $10.87 billion in the second quarter. Revenue at the company's Peacock streaming service rose 84.7% compared with a year earlier. Paid subscribers increased by two million in the second quarter, to 24 million, from the 22 million it reported in the previous quarter.

Theme parks revenue climbed 22.4%, thanks to demand for attractions such as "Super Nintendo World" in Hollywood and Osaka, Japan.

 

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