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Comcast Loses More Broadband Subscribers Than Expected
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 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 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.
1d
Comcast’s Q4 Profit Boosted by ‘Wicked,’ Peacock
Revenue rose 2% to $31.92 billion, generated by increases in its U.S. wireless operations, the success of “Wicked” and “The ...
1d
Comcast Handily Beats Wall Street’s Q4 Forecasts; ‘Wicked’ Provides Boost, Peacock Trims Losses; Stock Slumps On Broadband Losses – Update
Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates, as 'Wicked' boosted NBCUniversal studio ...
34m
on MSN
Loop Capital cuts Comcast stock target to $50, maintains Buy
Loop Capital adjusted its outlook on Comcast Corporation (NASDAQ:CMCSA), reducing the price target from the previous $53.00 ...
1d
on MSN
Comcast stock falls 11% after company underwhelms in broadband, Peacock subscribers
Wall Street will be paying attention to Comcast's broadband, streaming and theme park businesses, as well as progress of the ...
13h
on MSN
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.
7h
Comcast Corp (CMCSA) Q4 2024 Earnings Call Highlights: Record Revenue and Strategic Shifts ...
Comcast Corp (CMCSA) reports record revenue and EBITDA for 2024, while navigating broadband competition and expanding ...
1d
on MSN
Comcast Chief on TV Division’s Future and Cable Channel Spinoff: ‘We’re Running a Broadcast-Plus-Streaming Strategy’
Comcast leaders talked up a 'broadcast-plus-streaming' strategy for NBCUniversal after the cable spinoff, as outlined on ...
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