Tuesday September 26, 2023
The Best Employers in Sports Survey is Now Open!

Comcast’s Revenue Drops Without Olympics

  • Comcast reported $29.8 billion in third-quarter revenue.
  • The company added 14,000 broadband subscribers during the quarter.
Front Office Sports Today

Writer’s Strike End a Boon for Sports Networks, Agencies

We delve into the potential long-term impact of the five-month strike.
Listen Now
September 26, 2023 | Podcast
Copy Link
Link Copied
Link Copied

Comcast is feeling the post-Olympic blues.

The media conglomerate reported a 1.5% year-over-year decline in third-quarter revenue to $29.8 billion and a net loss of $4.6 billion, compared to $4 billion in net income the year prior. Comcast added 14,000 broadband subscribers.

Comcast’s NBCUniversal was awarded the U.S. media rights for the Olympic Games from 2021 through 2032 at a $7.65 billion price tag. The first Games under that deal were the Tokyo Olympics in the third quarter of FY2021.

  • NBCUniversal’s Q3 revenue fell 4.3% year-over-year to $9.6 billion, with its media segment dropping 22.7% to $5.2 billion — excluding the Olympics and the Super Bowl, it increased 4.4%.
  • Advertising revenue declined 35.1%, primarily due to the Olympics.

The company also said goodbye to its Olympic Channel at the end of the quarter, not long after shutting down its sports network at the end of last year.

Paid subscribers for Comcast’s streaming service Peacock, which posted a loss of $614 million, surpassed 15 million — a nearly 70% increase year to date.

Sky’s Show

Comcast posted an $8.6 billion write-down on its pay-TV operations for Sky, the European media and entertainment company Comcast acquired in 2018 for $39 billion. 

The segment, which renewed its broadcasting deals for the Masters Tournament and PGA Tour in the U.K. and Ireland in Q2, posted a 14.7% year-over-year decrease in third-quarter revenue to $4.3 billion, but added 320,000 customers. 

SkyShowtime, the joint venture with Paramount Global, launched in September.

Copy Link
Link Copied
Link Copied

What to Read

NFL's Swift Mania Starting To Show Impact Through Merch Sales, Viewership

Taylor Swift stole the NFL's spotlight by attending Sunday's Chiefs game.
A view of a Manchester United badge on the corner flag.

Ratcliffe Reworking Bid To Buy Manchester United

It is still unclear whether the Glazers will sell the club.

Sounders Eye Leaving Lumen Field For Soccer-Specific Stadium

MLS club considers further development at forthcoming training complex
First Take vs. FS1

Sharpe: 'First Take' Would Still Beat 'Undisputed' Without Stephen A.

Even if Smith leaves, Sharpe said he will still beat Skip Bayless in the ratings.
podcast thumbnail mobile
Front Office Sports Today

Writer’s Strike End a Boon for Sports Networks, Agencies


Featured Today


Oakland-MLB Relationship Devolves Into Next-Level Toxicity

Commissioner, mayor have very different accounts of July meeting
Jacksonville Jaguars Team President Mark Lamping addressed community members at Strings Sports Brewery on Main Street for the first of 14 planned town hall sessions to present the team's plans for the new "stadium of the future" complex and address the public concerns.
September 25, 2023

Jacksonville Jaguars President Walks Back Stadium ‘Threat’

"Viewing those comments as a threat to leave Jacksonville isn't correct."
Chatri Sityodtong
September 25, 2023

ONE Championship's Quest To Challenge Rival UFC Through U.S. Expansion

Leveraging its Amazon deal, ONE Championship seeks to expand in U.S.
September 24, 2023

Savannah Bananas Break All The Rules To Hit The Mainstream

Team concludes 2023 tour with even-bigger plans for next year


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
June 30, 2023

Nike To Revive Kobe Signature Shoe Line

Late HOFer will again be the center of a signature shoe line.
At Dick's Sporting Goods in Fairless Hills, Store Administrative Assistant Christine Vandfermay, of Philadelphia, restocks some Philadelphia Eagles items.
May 23, 2023

Dick’s Sporting Goods Sees Modest Growth, Less Foot Traffic

Dick's Sporting Goods saw a 5.3% increase in net sales in Q1.
Hellen Obiri of Kenya crosses the finish line to win the women's division at the 2023 Boston Marathon.
May 16, 2023

On Wants More Star Power, Visibility for Next Growth Phase

On is looking to grow through tennis and other verticals.
May 11, 2023

Topgolf Callaway Lowers Sales Expectations

Callaway cut its profit forecast for this year.
May 10, 2023

Endeavor Posts Record Quarter Amid UFC-WWE Merger Plans

Endeavor bought WWE in April, it also sold its IMG for $1.25B.
Barstool Sportsbook is owned by Penn Entertainment.
May 5, 2023

Penn Clashes With Barstool After Firing, Earnings Miss

Penn Entertainment's earnings missed and the company clashed with Barstool.
A view of the outside of Adidas' flagship store in Shanghai.
May 5, 2023

Adidas Beats Revenue Expectations Despite Costly Yeezy Struggles

CEO admits that the loss of Yeezy is “of course hurting us.”