Despite looming macroeconomic concerns, leading TV and Internet provider Comcast Corporation’s (CMCSA) third-quarter revenue edged past Wall Street’s expectations because of a steady rebound in its theme parks and studios businesses. Its studios business’ profit tripled to $537 million in the quarter.
In the fiscal third quarter, the company’s Cable Communications line rolled out multi-gig broadband speeds in markets across the U.S., and the company also announced the launch of Even Faster, a multi-gig symmetrical speeds beginning in 2023.
