Comcast shares rise on earnings beat, better than expected broadband performance
Publishing timestamp: 2024-01-25 10:49:00
Summary
Comcast reported a 2.3% increase in revenue and a 7.8% increase in net income for the fourth quarter. The company added 3 million subscribers to its streaming service, Peacock, bringing the total to 31 million. Comcast exceeded revenue and profit estimates and raised its dividend by 7%. Despite losing fewer broadband subscribers than expected, Comcast's domestic broadband revenue rose 3.7%. The company also saw growth in its wireless and video subscriber numbers. Peacock added 3 million subscribers and generated $1.03 billion in revenue. Overall, Comcast had a strong performance in the fourth quarter.
Sentiment: POSITIVE
Tickers: CMCSA,
Keywords: earnings, breaking news: business, breaking news: technology, business news, technology, media, comcast corp,
Source: https://www.cnbc.com/2024/01/25/comcast-cmcsa-earnings-q4-2023.html