Comcast topped analyst expectations, despite a tough comparison to last year, when NBC aired both the Super Bowl and Beijing Olympics during the first quarter.
Still, the company saw a drop in its residential broadband subscribers as it continues to face heightened competition.
Revenue dropped 4% to $29.69 billion from $31.01 billion in the prior-year period, with the company noting that last year it had broadcast both the Super Bowl and Beijing Olympics during the first quarter. Comcast lost 21,000 residential broadband customers during the quarter, but received a slight boost from its business customers. Company executives had warned earlier this year that Comcast was likely to lose broadband subscribers in the first quarter.
Cable TV customers continued their exodus from the traditional bundle, with Comcast losing 614,000 subscribers during the quarter.
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