Comcast posts mixed results, weighed down by film studio, theme parks

Comcast reported mixed results before the bell Tuesday, missing on revenue estimates due to tough year-over-year comparisons for its film studio and theme parks.

The company's streaming service, Peacock, however, continued to make gains. Comcast's stock was down roughly 4% in early trading.

Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG:

For the quarter ended June 30, net income was down 7.5% to roughly $3.93 billion, or $1 per share, compared with $4.25 billion, or $1.02 per share, in the same quarter last year. Adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, fell about 1% to $10.17 billion.

The company's revenue dropped nearly 3% to $29.69 billion compared with the same period last year. Revenue from the content and experiences segment, which includes the NBCUniversal TV business, theme parks and Universal Pictures, was down 7.5% to $10.06 billion.

Revenue for the Universal Pictures studio, in particular, fell 27% to $2.25 billion, facing a tough comparison with last year, when "Super Mario Bros." and "Fast X" were released, one of Comcast's best theatrical quarters ever. Comcast is looking ahead to the rest of the year's film slate, including this summer's box-office success "Despicable Me 4," and "Twisters," and the upcoming "Wicked" release in November.

The cable industry as a whole has experienced a slump in broadband customer growth in recent quarters as fewer Americans buy and move houses and competition for home internet from wireless providers ramps up.

While Comcast lost customers in some of its key units, the losses weren't as deep as feared, according to Wall Street estimates.

The company said it lost 120,000 broadband customers — 110,000 of