Comcast shares plunge as ‘Wicked' success offset by big subscriber losses
1. Comcast lost 139,000 broadband subscribers, exceeding expected losses amidst increased competition. 2. The loss overshadowed strong quarterly profits of $31.92 billion, surpassing estimates. 3. Comcast plans to bundle services, aiming to counter telecom firms offering similar packages. 4. Quarterly studio revenue rose nearly 7% with 'Wicked' grossing $700 million globally. 5. Cable TV networks lost 311,000 users due to ongoing cord-cutting trends.