Comcast reportedly records 6.1% Q3 revenue drop and Peacock's second straight profit

Comcast's third-quarter revenue fell 6.1% to nearly $29.3 billion from nearly $31.2 billion a year earlier, according to Variety. The company lost 144,000 broadband users during the quarter, compared with 91,000 in the year-earlier quarter. Revenue from its connectivity and platforms operations fell to $19.66 billion.

At Peacock, the financial picture was different. The Hollywood Reporter reports that the NBCUniversal streaming service posted a $261 million pre-tax profit, its second consecutive profitable quarter. That followed a $189 million profit in the second quarter and a $217 million loss a year earlier. Peacock had 48 million subscribers, up from 41 million a year earlier, while its quarterly revenue rose to $1.8 billion from $1.4 billion.