US EditionComcast earnings beat by $0.09, revenue topped estimates
UNITED STATES, JUL 31 – Comcast beat revenue and earnings estimates despite losing 226,000 broadband customers due to competition from 5G and fixed wireless alternatives, analysts said.
- Comcast reports its second-quarter earnings Thursday morning, with investors focusing on broadband performance amid recent stock declines.
- With growing industry headwinds, cable companies contend with rising 5G and fixed wireless options that intensify competition, impacting stocks in recent years.
- Estimates show analysts surveyed by LSEG expect $1.18 earnings per share and $29.81 billion revenue for Comcast in Q2, amid industry peer pressure.
- Comcast executives, earlier this year, pledged to address a `disconnect` in price transparency and business ease to counter broadband stagnation.
- Pending transaction, Charter's merger with Cox Communications could reshape industry competition amid ongoing consolidation and subscriber challenges like Comcast's 199,000 Q1 broadband customer losses.
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Why Comcast Stock Popped Today @themotleyfool #stocks $CMCSA
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Epic Universe, ‘How To Train Your Dragon’ Buoy Comcast Q2 As Company Posts Gain On Sale Of Hulu Stake
Comcast saw revenue and profit grow and topped Wall Street estimates across the board for the June quarter as its stock popped in early trade. Theme parks saw a bump from NBCUniversal’s new Epic Universe in Orlando that opened in May and How To Train Your Dragon had a soaring debut in June. The company booked […]
Comcast earns $30.3 billion during Q2, broadband losses continue
A Comcast gateway used to provide Internet service under the Xfinity brand. (Courtesy image) Key Points Comcast Q2 revenue clocked in at $30.31 billion, up 2.1% compared to the same period in 2024. The company continued to see broadband subscribers flee for other services, but revenue attributed to Xfinity Internet grew on a year-over basis. Xfinity Mobile saw its best quarter on record, growing to serve more than 8.5 million wireless lines. Pe…
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