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Comcast Stock Drops as Broadband, Cable Subscribers Decline

1. Comcast lost 199,000 broadband and 427,000 video subscribers. 2. Quarterly earnings exceeded expectations despite subscriber losses. 3. Peacock subscriptions increased by over 20%, reaching 41 million. 4. Theme parks showed a revenue decline of 5.2% due to external events. 5. CEO highlights ongoing growth plans for theme parks and streaming.

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FAQ

Why Bearish?

Continued loss of subscribers outweighs positive earnings and Peacock growth, similar to past experiences during market shifts.

How important is it?

Significant subscriber losses directly impact revenue; growth in streaming is a mitigating but not compensating factor.

Why Short Term?

Immediate subscriber losses likely to affect stock performance; however, recovery contributions from Peacock may offset long-term challenges.

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