Comcast Revenue Slips Amid Advertising Slowdown

Comcast Corp. said revenue fell 4.3% in the first quarter, partly because of a sharp decline in advertising, while the company’s Peacock streaming service continued to gain new subscribers at a healthy clip.

The Philadelphia-based company, owner of Xfinity-branded broadband and cable services, the NBCUniversal media empire and the Sky TV business, posted revenue of $29.69 billion, while net profit rose 8% to $3.83 billion, or 91 cents a share.