Hulu Sale Boosts Comcast Q2 Despite Cord Cutting, Ad Sales Downturn

Comcast exceeded revenue and profit expectations in the second quarter, driven by increased theme park attendance, growth in its wireless business, and higher streaming revenue. The debut of “Epic Universe” contributed to a nearly 19% rise in theme park revenue. The company’s shares rose by 3% following the positive results. The Peacock streaming service saw a revenue increase of nearly 18% and maintained a total paid subscriber base of 41 million. Despite broadband customer losses, Comcast is offering bundled packages to offset the decline.