Comcast beats earnings expectations as media revenue offsets weakness in connectivity

What happened: Comcast reported earnings that beat expectations, with media revenue offsetting weakness in its connectivity business. The company is in the process of spinning off its media business into a separate publicly traded company. Why it matters: The beat was driven by media performance even as connectivity showed weakness, and the planned spin-off would separate the media business into its own publicly traded company.

Comcast reported earnings that beat expectations, with media revenue offsetting weakness in its connectivity business. The company is in the process of spinning off its media business into a separate publicly traded company.

The beat was driven by media performance even as connectivity showed weakness, and the planned spin-off would separate the media business into its own publicly traded company.