Comcast reports $2.2 billion revenue boost but net income falls 36%

Comcast reported a $2.2 billion revenue boost from the Winter Olympics and Super Bowl, yet net income dropped nearly 36% to $2.17 billion in Q1. The company increased capital expenditures by 4.4% to $2.4 billion and narrowed broadband losses to 65,000 customers. Media revenue surged almost 61%, driven by major sporting events and advertising growth.

Summary by Glance · Variety