NBCUniversal spurs Comcast to surpass Q1 earnings estimates | Major Businesses | Business
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When it wasn’t attempting to disrupt the UK TV market, US cable company Comcast beat the Street for its first-quarter earnings, surpassing revenue predictions thanks to a tailwind from its NBCUniversal division.

olympics 26 april 2018Comcast saw earnings of 62 cents per share compared with the 59 cents per share forecast by Thomson Reuters; while revenue came in at $22.791 billion (beating the $22.744 billion forecast by Thomson Reuters).

NBCUniversal, home of the NBC broadcast network, NBC News and CNBC, brought in $9.53 billion on the back of advertising gains during the 2018 Winter Olympics and the Super Bowl – a 21% year-over-year increase.

"NBCUniversal continues to grow at a faster pace than any of us originally imagined," CEO Brian Roberts said on the earnings call. "On the back of these incredible big events, NBC is on track to finish number one for the fifth consecutive year in demo and is number one in total viewers for the first time in 16 years."

Meanwhile, Comcast has formalised its $31 billion bid for British broadcaster Sky.