Comcast Corp. exceeded analysts' expectations in the third quarter, with sales reaching $32.1 billion, a 6.5% increase. The boost in sales was driven by the NBC division, which generated $1.4 billion in advertising revenue from the Summer Olympics.
This strong performance demonstrates the positive impact of major sporting events on advertising revenue and overall financial results for Comcast.
Adjusted earnings per share also surpassed forecasts, rising to $1.12.