Author: Michael

Comcast posted revenue of $29.29 billion and an adjusted profit of $1.07 cents per share, compared to revenue of $29.22 billion and a profit of 99 cents per share expected by Wall Street analysts, per Yahoo Finance. The quarterly results come as the Brian Roberts-owned media conglomerate remains on track to spin off NBCUniversal and Sky into a separate, publicly traded company next year. Comcast shares were flat in pre-market trading on Thursday following the results NBCUniversal’s Peacock delivered its second consecutive quarterly profit of $261 million and revenue of $1.8 billion in the third quarter, compared to a loss…

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Spotify’s year-over-year revenue increased 16% to hit €5 billion, and diluted earnings per share came in at €2.48 Wall Street was expecting earnings of €2.84 per share and revenue of €4.98 billion Monthly active users grew 11% to hit 788 million, and Premium subscribers grew 9% to hit 306 million Spotify performed slightly better than Wall Street expectations during its third quarter earnings report, which was posted on Thursday morning. While the music streamer’s revenue was expected to be €4.98 billion for the quarter, its actual revenue came in at €5.0 billion. Both overall subscribers and Premium subscribers also saw…

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