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 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 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 slides as broadband, video sub losses steal spotlight from results beat, Studio strength
Comcast reports strong Q4 earnings with a top- and bottom-line beat, raising dividend by 6.5% and announcing a new $15B stock buyback program.
Comcast’s earnings beat offset by continued subscriber losses
Comcast Corp.’s stock fell 1.9% early Thursday, after the cable company’s fourth-quarter earnings topped estimates but it continued to shed subscribers at its domestic broadband business. The company had per-share earnings of $1.
Comcast shifts strategy to mobile as fourth-quarter broadband numbers disappoint
Comcast executives said the company's focus would shift to growing its mobile business after a bigger-than-expected loss of ...
US FCC will drop Biden plan to ban bulk broadband billing for tenants
Federal Communications Commission Chair Brendan Carr said Monday the agency will drop a proposed Biden administration plan to ...
Alabama Political Reporter13h
Alabama’s broadband expansion: A national model for rural connectivity
The state's progress is not just about connectivity—it’s about economic growth, education, and healthcare access for ...
JD Supra7h
Federal Court Ends Net Neutrality for Broadband Providers
The Federal Communications Commission (“FCC”) lacks the authority to impose rules on broadband internet and mobile broadband providers, according to ...
Comcast Loses Broadband Customers, but ‘Wicked’ Movie Helps Power Growth
Comcast's revenue and profit rose last quarter, powered partly by the release of blockbuster movie "Wicked,” but broadband customer numbers fell. Comcast lost 139,000 broadband customers in the ...
Mike Sanders embraces his role as Oklahoma's chief broadband advocate
He says fast wireless connection will improve education and rural health care and be just as significant as electrification ...
Herald Times Reporter (Manitowoc) on MSN1d
Manitowoc County Board passes resolution supporting plan for rural broadband expansion
Watchdog Wednesday has the latest on rural broadband connectivity, Two Rivers' street projects & trees at Washington Park in ...
AT&T ends broadband service in NY as Affordable Broadband Act begins
I’m very pleased that the Supreme Court has denied the legal challenge to the Affordable Broadband Act. I authored the Act ...
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 ...