Comcast is currently struggling with a sharp change in consumer behavior that is hurting a vital part of its business, and it has called out major sources of the problem. The telecom giant, which has its hands in industries such as cable,
If you’re obsessed with your video-gaming prowess, a new, free upgrade from Comcast should make you want to verify that you have the right modem for your Xfinity service. The Philadelphia cable giant is rolling out “a pioneering new,
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.
The broadband subscriber losses overshadowed the telecom and media giant’s upbeat results and the announcement of a $15 billion share buyback program.
Comcast executives touted upcoming split to Wall Street as cable networks prepare to separate from the rest of NBCUniversal.
Comcast leaders talked up a 'broadcast-plus-streaming' strategy for NBCUniversal after the cable spinoff, as outlined on Thursday's Q4 earnings call.
Laggy internet might be a thing of the past, at least for Comcast customers. In a press release today, the company introduced what it calls a first in the nation -- ultra-low-latency internet designed for gaming, videoconferencing, and virtual reality. The technology has been in testing since 2023.
Benchmark lowered the firm’s price target on Comcast (CMCSA) to $55 from $57 and keeps a Buy rating on the shares. The stock fell 11%
Comcast beat Wall Street expectations for its fourth quarter of 2024 as Peacock continued to narrow its losses and “Wicked” helped the studios business defy gravity with an 85% increase in profit.
Morgan Stanley lowered the firm’s price target on Comcast (CMCSA) to $38 from $45 and keeps an Equal Weight rating on the shares. The firm
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.
Comcast’s (CMCSA) stock is sinking 13% after the firm reported that it had lost net totals of 139,000 broadband internet customers and 311,000 video subscribers last quarter. The large declines drew investors’ attention away from the company’s stronger-than-expected Q4 results.