broadband - Search News

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.

Seeking Alpha · 13h

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.

Bloomberg on MSN · 12h

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.

Reuters · 11h

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.

AOL · 11h

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.

9hon MSN

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 ...

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 ...

11hon MSN

Comcast Loses More Broadband Subscribers Than Expected, and Stock Tumbles

The customer drop of 139,000 was worse than what Comcast Cable CEO Dave Watson warned would be lost last month. Shares of Comcast ( CMCSA) fell to their lowest level in more than two years Thursday ...

JD Supra9h

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 ...

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