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Comcast Loses More Broadband Subscribers Than Expected

Comcast stock falls 11% after company 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.

Bloomberg on MSN · 1d

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.

Investopedia on MSN · 1d

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.

Peacock, Comcast

Hosted on MSN · 1d

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.

Variety · 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 Wild Robot” at the box office and subscriptions at Peacock. Revenue from the company’s cable and connectivity business was basically flat.

The Hollywood Reporter · 18h

‘Wicked’ Boosts NBCU Studios Unit, Peacock Quarterly Loss Narrows to $372M

Comcast, led by chairman and CEO Brian Roberts, reported fourth-quarter and full-year results for its entertainment unit and other operations.

17hon 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.

1don MSN

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 ...

Advanced Television1d

Comcast cord cuts take shine off studios

Comcast has reported results for the quarter ended December 31st 2024. Consolidated revenue was up 2.1 per cent at $31.9 ...

Peacock Lost $372 Million in the Final Quarter of 2024

Peacock lost $372 million over the final three months of 2024, when it added…zero subscribers. The good news is it didn’t ...

1don 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 ...

36m

Now Streaming: Peacock revenues rise 28% year-over-year in Q4

Streaming” is The Fly’s weekly recap of the stories surrounding the biggest content streamers. Invest with Confidence: Follow ...

Comcast Q4 Earnings Beat Estimates: Peacock Subscribers Surge 29%, Dividend Raised, $15 Billion Buyback Approved

Comcast reported 4Q revenue of $31.92B, beating estimates of $31.64B. Adjusted EPS of $0.96 also beat estimates of $0.86.

1hon MSN

Benchmark cuts Comcast stock price target to $55 from $57

Benchmark analyst Matthew Harrigan adjusted the price target for Comcast Corp (NASDAQ:CMCSA) to $55.00, down from the previous $57.00, while maintaining a Buy rating on the stock. The revision follows ...

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