Comcast revenue tops estimates as Super Bowl, Olympics lift media business

The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake/File Photo/File Photo

April 28 (Reuters) – Comcast Corp’s (CMCSA.O) first-quarter revenue beat Wall Street expectations on Thursday, as the media giant benefited from its broadcasts of the Super Bowl and Beijing Olympics, as well as a rebound in theme park attendance.

Total revenue rose 14% to $31.01 billion in the quarter, beating analysts’ average estimate of $30.53 billion, according to Refinitiv data.

Comcast, the largest U.S. cable operator, gained 262,000 broadband customers in the quarter, compared with Factset estimates of 229,000.

Broadband subscriber growth slumped 43.1% from a year ago, the third consecutive quarter of subscriber declines after record growth during the pandemic. The company…