Comcast sees international growth and boost from Hulu

In exciting news, Comcast experienced a significant boost from the sale of Hulu, gaining a staggering $9.4 billion in the second quarter. This surge in revenue led to a 2.1% increase compared to the previous year, bringing net income to an impressive $11.1 billion.

Additionally, Consolidated Adjusted EBITDA saw a 1.1% increase, reaching $10.3 billion. The Connectivity & Platforms sector, which includes the popular Sky business, saw a substantial 5.4% increase, reaching $11.5 billion, thanks to strong performance in Domestic Broadband, Domestic Wireless, and International Connectivity.

Despite a slight dip in domestic subscriptions, Interactional Connectivity Customer Relationships saw a positive uptick from 17,638,000 to 17,698,000. With Hulu now under Disney’s ownership, Comcast’s streaming service Peacock is making waves in the industry, carving out a distinctive niche for itself. Peacock’s EBITDA losses of $101 million showed significant improvement, decreasing by $247 million compared to the previous year.

Moreover, Peacock is proud to offer more sports content than any other streaming service, with plans to include NBA coverage starting this autumn. This move is sure to delight sports fans and further solidify Peacock’s position in the streaming market.