Comcast's steep broadband subscriber losses take shine off strong studio performance
Comcast reported a steep decline in broadband subscribers for the fourth quarter on Thursday on competition from telecom firms that have been bundling 5G mobile services with internet plans, sending its shares about 11% lower.
Comcast stock sinks as Peacock fails to add more subscribers, broadband losses disappoint
Comcast stock fell double digits on Thursday after the company reported a bigger-than-expected drop in broadband customers and failed to add more subscribers to its Peacock streaming service.
Comcast’s earnings beat offset by continued subscriber losses
Comcast Corp.’s stock fell 4% early Thursday, after the cable company’s fourth-quarter earnings topped estimates. But it continued to shed subscribers in its domestic broadband business.
'Wicked' fuels strong Comcast revenue, cushions broadband subscriber losses
Comcast surpassed fourth-quarter revenue estimates on Thursday as blockbuster holiday releases, including "Wicked", more than made up for a larger-than-expected decline in broadband customers.
Peacock Narrows Q4 Loss to $372 Million, ‘Wicked’ Boosts Comcast’s Studios Profit by 85%
Comcast beat Wall Street expectations for its fourth quarter of 2024 as Peacock continued to narrow its losses and “Wicked” helped the studios business defy gravity with an 85% increase in profit.
Comcast Shares Tumble as Broadband-Subscriber Losses Widen
Comcast Corp. shares fell as much as 9.9% to their lowest in more than two years after the company reported fourth-quarter revenue and profit that beat Wall Street’s expectations but subscriber losses in its broadband unit raised concerns among investors.
Comcast Posts Growth, Powered By ‘Wicked,’ Despite Losing Broadband Customers
Comcast's revenue and profit rose last quarter, powered partly by the release of blockbuster movie "Wicked,” despite falling broadband customer numbers. Comcast lost 139,000 broadband customers in the quarter,
Comcast Loses More Broadband Subscribers Than Expected, and Stock Tumbles
Key Takeaways Comcast's broadband customers declined more than anticipated, sending shares plunging.The customer drop of 139,000 was worse than what Comcast Cable CEO Dave Watson warned would be lost last month.
Comcast Sales, Profit Beat as ‘Wicked’ Lifts Film Studio
Comcast Corp. reported fourth-quarter revenue and profit that beat Wall Street’s expectations thanks to big gains for its ...
Comcast Stock Plunges After It Reports Losing 139,000 Broadband Customers: 'Disappointing'
Comcast shares dropped 12% Thursday morning after the company reported a loss of nearly 140,000 residential broadband ...
Comcast Execs Talk Cable SpinCo & New NBCUniversal As Wall Street Presses For Details
Comcast executives touted upcoming split to Wall Street as cable networks prepare to separate from the rest of NBCUniversal.
Comcast’s Q4 Profit Boosted by ‘Wicked,’ Peacock
Comcast said fourth quarter profit surged as the company saw good results at its mobile business, at the box office and at ...
Report: Universal parks attendance flat, but Comcast has record revenue
Attendance was flat for Universal’s theme parks in the fourth quarter of last year, and core earnings fell 3.9% because of spending on Epic Universe, set to debut in Orlando in May, ...
Comcast is rolling out ‘ultra-low lag’ tech that could fix the internet
L4S pulls this off by giving internet packets an indicator that lets them know if they’ve run into congestion or queueing ...
Comcast's new low-latency internet is literally game-changing, and these cities will get it first
Laggy internet might be a thing of the past, at least for Comcast customers. In a press release today, the company introduced ...
Comcast reports earnings before the bell — here's what to expect
Wall Street will be paying attention to Comcast's broadband, streaming and theme park businesses, as well as progress of the ...