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New York Post
201 days

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.

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FAQ

Why Bearish?

Subscriber losses point to competitive market pressure, impacting future revenues.

How important is it?

Subscriber losses and service strategy changes significantly influence investor perceptions.

Why Short Term?

Immediate subscriber loss and share price drop suggest short-term negative effects.

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