Comcast The first quarter hopes on Thursday crossed the expectations, even the company lost broadband customers amidst an increase in competition.
While the domestic broadband revenue ranged from 1.7% to $ 6.56 billion, Cocamast lost 199,000 domestic broadband customers, which indicates Constant pressure Cable veteran’s foundation on business. Competition has increased in recent years due to the rise of alternative home internet options including 5G, or so -called fixed wireless.
Comcast’s shares were about 3% below in premarket trading.
Meanwhile, the comfort of the COCCAT is at least -10 years old Mobile business remains a bright place During the quarter. Revenue for the unit ranged from about 16% to $ 1.12 billion, and added 323,000 lines. Now there are about 8.15 million Xfinity mobile lines.
During the previous quarter earnings call, the comfort officer Vigilant investor They will move the company’s attention to increase their mobile business after continuous loss in broadband. Since then Comcast has introduced changes in its mobile plans and pricing, and one has created one New fare,
Comcast reported the loss of 427,000 cable TV customers during the quarter as traditional bundles continued to bleed customers. Comcast provides its broadband, mobile and pay-TV services under the Xfinity brand.
Here’s how Comcast performed The period ending on 31 March, Compared to the estimates of analysts surveyed by LSEG:
- earnings per share: $ 1.09 adjusted vs 98 cents expected
- Income: $ 29.89 billion vs $ 29.77 billion is expected
For the first quarter, Comcast had net income from 12.5% to $ 3.38 billion, or 89 cents per share, compared to $ 3.86 billion, or 97 cents per share during the same period a year ago. Adjustment to one -time items, including costs related to income tax expenditure and property value, between other items, Comcast reported income to $ 1.09.
The income adjusted before interest, taxes, depreciation and refinement, or ebitda was about 2% to $ 9.53 billion.
The company’s revenue was slightly lower than $ 29.89 billion compared to $ 30.06 billion in the same period in 2024.
Comcast referred to as “development businesses” including mobile, streaming platform More, The Business Services Unit, Residential Broadband, Studio and Theme Park. Comcast is expected to be completed this year that a transaction is in the process of spinning its portfolio of cable networks including CNBC.
Revenue for the media segment, including NBCUNIVERSAL, ranged from about 1% to $ 6.44 billion, and the revenue in the film studio unit ranged from 3% to $ 2.83 billion.
The media unit was promoted from peacocks, with Ebitda adjusted for a section of 21% to $ 1 billion operated by streaming platform. Revenue for peacock itself was 16%. Compared to a loss of $ 639 million in the same quarter before a year, streammer’s quarterly loss compressed to $ 215 million.
According to the Strikount, peacocks were 41 million paid customers, defeating 37.21 million analyst estimates for the quarter. Mayur ended the last financial year with 36 million paid customers.
Competitors including Disney And Warner Brothers Discovery Pass Everyone He saw that their streaming platforms reach profitability in recent quarters. Streamers have shifted gear to focus on advertising business models and crack down Password sharing In the bid to reach profitability as wall street investors, the customer focused on metric rather than additions.
NBCUNIVERSAL’s theme park revenue was approximately 5% to about $ 1.88 billion – Los Angeles Wildfire operated by low guest appearance during a quarter of a quarter – To reduce the overall business.
Is the company To prepare oneself For the introduction of Universal Epic Universe on 22 May, which will be the first major theme park development in Florida in 25 years. In Thursday’s release, Komkast called the new theme park “the most ambitious parks experience” with more than 50 attractions.
In August, it will also open the universal horror in Las Vegas. NBCUNIVERSAL recently announced a plan to build a universal theme park and resort in the UK
Disclosure: Comcast CNBC’s original company is the owner of NBCUNIVERSAL.
