Comcast shares plunge as ‘Wicked’ success offset by big subscriber losses
The broadband subscriber losses overshadowed the telecom and media giant’s upbeat results and the announcement of a $15 billion share buyback program.
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 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 Handily Beats Wall Street's Q4 Forecasts; ‘Wicked' Provides Boost, Peacock Trims Losses; Stock Slumps On Broadband Losses – Update
D with stock decline. Comcast closed 2024 with a strong quarter, handily beating Wall Street estimates, but its shares slumped due to declines in its broadband business. Revenue of $31.9 billion topped the Street’s expectations for $31.
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 to $569 million.
Comcast beats earnings estimates but underwhelms in broadband, Peacock subscribers
Comcast topped Wall Street's fourth-quarter estimates on Thursday as revenue from the company's broadband business gave it a boost despite losing customers.
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 ...
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 ...
Comcast Xfinity Launches Sports & News Package For $70 A Month In Latest Embrace Of Slimmer Pay-TV Options
As more pay-TV operators embrace slimmer packages, Comcast Xfinity is rolling out Sports & News TV, a $70-a-month offering.
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 ...
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Comcast, Apple announce integrated MLS Season Pass
Comcast and Apple have revealed plans to offer all Xfinity customers in the US an integrated viewing experience for MLS ...
Comcast shifts strategy to mobile as fourth-quarter broadband numbers disappoint
Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers during the fourth quarter. Broadband has long ...