Comcast tops revenue expectation despite weakness at NBCUniversal

Comcast Corp on Thursday reported better than expected fourth-quarter revenue, as broadband demand continued to offset pandemic-related weakness in its theme park and filmed entertainment businesses.

The media company gained 538,000 broadband subscribers in the quarter, beating analysts’ average estimate of 488,000 net additions, according to research firm FactSet.

“Broadband is the cornerstone of what we do, powered by our robust, flexible and reliable network,” said Chief Executive Officer Brian Roberts during the earnings call on Thursday.