Comcast He exceeded the expectations of the first quarter in Thorsday, even when the company lost broadband customers in the middle of the rise competition.
While national broadband revenues increased 1.7% to $ 6.56 billion, Comcast lost 199,000 total broadband clients, which reflects the continuous pressure on the cornerstone business of the cable giant. The competition has increased in recent years due to the increase in alternative internet options at home, including 5G, or fixed wireless so -called.
Comcast actions fell more than 5% negotiation prior to marketing.
Meanwhile, the mobile business of less than 10 years of Comcast remained a brilliant point duration in the quarter. The income for the unit increased approximately 16% to $ 1.12 billion, and added 323,000 lines. Now there are approximately 8.15 million mobile lines of total Xfinity.
Duration The last quarter profit call, Comcast executives alerted investors to change the company’s approach to grow their mobile business after continuous broadband losses. Since then, Comcast has introduced changes in its mobile plans and prices, and has made a new hiring.
Comcast reported 427000 losses of loss of cable television customers the quarter as the traditional package continues to bleed customers. Comcast provides its broadband TV services, mobile and payment under the XFinity brand.
This is how Comcast was done for the period ended on March 31, compared to the estimates of the analysts surveyed by LSE:
- Profit per action: $ 1.09 adjusted compared to 98 expected cents
- Revenue: $ 29.89 billion compared to $ 29.77 billion expected
For the first quarter, Comcast’s net income fell 12.5% to $ 3.38 billion, or 89 cents per share, compared to $ 3.86 billion, or 97 cents per share the same period of the previous year. Adjusting the unique items, including the expenses of the Income Tax and the costs related to the value of the assets, among other items, Comcast reported profits per share of $ 1.09.
Added profits before interest, taxes, depreciation and amortization, or EBITDA increased almost 2% to $ 9.53 billion.
The company’s revenues decreased slightly to $ 29.89 billion compared to $ 30.06 billion in the same period in 2024.
The income was helped by Comcast refers as their “growth businesses”, including mobile phones, the Peacock transmission platform, the Commercial Services Unit, the residential broadband, studies and thematic parks. Comcast is in the process of rotating its wallet or cable networks, including CNBC, in a transaction that is expected to be complete this year.
Income for the media segment, which includes NBCuniversal, increased approximately 1% to $ 6.44 billion, and revenues in the film studies unit increased 3% to $ 2.83 billion.
The Media Unit received an impulse from Peacock, with Ebitda adjusted for the segment of 21% to $ 1 billion driven by the transmission platform. Revenue for Peacock itself increased by 16%. The quarterly loss of streamer was reduced to $ 215 million, compared to a loss of $ 639 million in the same quarter a year earlier.
Peacock had 41 million subscribers paid, exceeding analysts’ estimates or 37.21 million for the quarter, according to the street account. Peacock ended the last fiscal year with 36 million clients paid.
Competitors that include Disney and Warner Bros discovery. Each has seen its transmission platforms achieve profitability in the last quarters. Streamers have changed marching to focus on commercial models backed by advertisements and take energetic measures to share an attempt to achieve profitability as Wall Street investors changed to the metric instead of subscriber additions.
The revenues of Nbcuniversal’s theme parks fell 5% to approximately $ 1.88 billion, driven by the lowest assistance of the guests who change a room full of forest fires of Los Angeles – Weighing the general business.
The company is preparing for the debut of Universal Epic Universe on May 22, which will be the first great development of thematic parks in Florida in 25 years. At Thursday’s launch, Comcast called its “most ambitious parks experience ever created,” with more than 50 attractions.
In August he will also open the universal horror unleashed in Las Vegas. Nbcuniversal also recently announced plans to build a universal and resort theme park in the United Kingdom
Disclosure: Comcast has NBCuniversal, the CNBC parent company.
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