Comcast says its revenue growth was “solid” in a first quarter that saw changes to the presentation of its international figures.
A new Connectivity & Platforms segment includes the 23 million customer relationships held by Sky and its sister companies in the UK & Ireland, Germany & Austria, and Italy, plus another 5 million customer relationships outside of the Connectivity & Platforms markets. Connectivity & Platforms Adjusted EBITDA increased 3.2% to $8.1 Billion.
“We delivered strong first quarter results as our team executed exceptionally well,” said Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation.
Connectivity & Platforms unites Sky’s subscribers with those of the Comcast cable network in the United States, together they added 82,000 customer relationships to reach 52.5 million. Increases in international residential connectivity & platforms customer relationships and business services connectivity customer relationships were partially offset by a decrease in domestic residential connectivity & platforms customer relationships.
Peacock paid subscribers in the United States increased by more than 60% to reach 22 million. Peacock revenue increased 45% to $685 million.
