Comcast beats earnings estimates as broadband revenue rises despite customer losses
- Comcast reported fourth-quarter earnings that exceeded Wall Street estimates, with revenue reaching $31.92 billion and net income rising to $4.78 billion, or $1.24 per share.
- Despite losing 139,000 domestic broadband customers and 311,000 cable TV customers, Comcast's broadband revenue contributed positively to overall growth.
- Peacock streaming service had 36 million subscribers and generated $1.3 billion in revenue, with a narrowed adjusted EBITDA loss of $372 million.
- The restructuring of NBCUniversal's media business aims for $40 billion in annual revenue, as stated by Mike Cavanagh, president of Comcast.
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Total News Sources0
Leaning Left4Leaning Right0Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 40%
C 60%
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