Comcast (CMCSA) delivered better-than-expected Q3 2021 results. Revenue and earnings came in above consensus estimates, affirming strong operating and financial results. CMCSA shares fell 1.03% to close at $51.90 on October 28. Comcast is a media and technology company operating through three primary businesses; Comcast Cable, NBCUniversal, and Sky. Revenue in the quarter landed at $30.3 billion, up 18.7% year-over-year, exceeding consensus estimates of $29.87 billion. Revenue for Cable Communications was up 7.4% year-over-year to $16.12 billion, driven by growth in broadband, video, wireless, businesses services, and others. Media revenue was up 47.5% year-over-year to $6.77 billion as Studios revenue increased 26.8% year-over-year to $2.41 billion.
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Comcast (NASDAQ:CMCSA)
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