Jennifer Maas
Comcast Tops Q1 Earnings Mark
Comcast said it beat earnings estimates for the first quarter of 2020, but missed on revenue, as the pandemic impacted the theme parks business and the theatrical division faced a tough comparison to year-ago hits. Highlights include: Total High-Speed Internet Customer Net Additions Were 477,000 (Not Including 32,000 Free Internet Essentials Customers), the Best Quarterly Result in 12 Years. High-speed internet revenue increased 9.3%, driven by an increase in the number of residential high-speed internet customers as well as an increase in average rates.