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.
Comcast Q4 Beat Overshadowed By Broadband Loss; Pain To Continue, Analysts Say
Comcast reports Q4 results, with earnings beating estimates and a surge in Peacock subscribers. Analysts have mixed opinions on the stock, with some downgrading and others reaffirming a Buy rating.
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.
Comcast Stock Is Plunging. Here’s What’s Overshadowing the Earnings Beat.
The cable and entertainment company reported a strong fourth quarter, but investors seemed focused on a drop in broadband customers.
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 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 customers in the fourth quarter and a stagnating subscriber base for its Peacock streaming service.
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 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 ...
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 ...
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Cable Losses, Peacock Headwinds Ruffle Comcast's Feathers
Olympics bump looks to have been short-lived as NBCUniversal's streaming platform closed out the year without having added to ...
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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 Narrows Q4 Loss to $372 Million, ‘Wicked’ Boosts Comcast’s Studios Profit by 85%
The media conglomerate beat Wall Street expectations, despite shedding 139,000 domestic broadband customers The post Peacock ...
‘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.
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 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.
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 ...