Comcast's revenue and profit exceeded estimates in Q3, driven by strong performance in its theme parks and broadband business. However, the company experienced a 25% drop in revenue for its Studios division. Despite losing pay-TV customers over the past four years, Comcast predicts accelerated wireless growth in Q4. Peacock, Comcast's streaming service, reached 28 million paid subscribers but suffered losses of $565 million in the summer and is expected to lose $880 million from October to December. Charter, another cable provider, lost 320,000 residential video customers in Q3 due to a dispute with Disney.
It would appear as if the Peacock push for more live sports is definitely helping subscriber numbers. ⏬ https://t.co/L8ijieOAMr
Charter says it lost 100,000 subscribers due to the Disney carriage dispute alone. The pay-TV giant fell 8% in pre-market trading after reporting mixed Q3 earnings. https://t.co/C3fyJ1JNDl
Charter CEO Calls Disney Carriage Deal "A Significant Step Forward," But Q3 Video Revenue Falls 9% Due To Distribution Fight And Broadband Results Hit Stock https://t.co/9eTMCdxKSQ
$CHTR (-7.0% pre) Charter Loses 320,000 Residential Video Customers During Q3, Citing Disney Carriage Dispute - The Wrap https://t.co/WWa1xhmyPq
Charter Loses 320,000 Residential Video Customers During Q3, Citing Disney Carriage Dispute https://t.co/C3fyJ1JNDl
Video division revenue was hit the hardest this quarter due to a standoff with Disney, https://t.co/WkITqLISFb
Charter Loses 320,000 Residential Video Customers During Q3, Citing Disney Carriage Dispute https://t.co/C3fyJ1KlsT
Charter Loses 320,000 Video Customers in Q3, Citing Disney Carriage Dispute https://t.co/zP5YZ5iiy9
Comcast Faces Skepticism On Wall Street As Ad Decline Accelerates, Strike Toll Mounts And Broadband Experiences Buffering https://t.co/hKTAronaQK
Peacock Lost $565 Million This Summer – IndieWire https://t.co/zPGcMT5ZtU
Peacock lost $565 million this summer. That's nothing. The streamer is now expected to lose about $880 million from October to December. https://t.co/Medp9rVEAC
Peacock Lost $565 Million This Summer https://t.co/Cd8F7x7syb
While its theme-park division did fine, the company lost broadband customers. https://t.co/ZdJNfd9P5O
Comcast predicts "accelerated" wireless growth in 4Q. It added 294k customers in the 3q.
Despite the success of #Oppenheimer, Comcast posted a revenue drop of 25% year-over-year in Q3 for its Studios division. https://t.co/gyVcg0LuCt
Over the past four years, Comcast lost one-third of its pay-TV customers https://t.co/wlJNbaMM6H
NBCUniversal Ad and Studio Revenues Tumble, Peacock Reaches 28M Subscribers https://t.co/s3aV8FwjXw
Comcast reports higher earnings, boosted by its theme parks and broadband business, even as cable-TV subscribers continued to ebb away https://t.co/3MCeygWC0A
Comcast Shrugs Off Domestic Ad Dip To Top Wall Street Q3 Estimates; Peacock Hits 28M Paid Subscribers https://t.co/xN3qhAFDm3
Comcast revenue and profit top estimates as Universal theme park sales soar https://t.co/67lpLVNCKF
Comcast revenue and profit top estimates as Universal theme park sales soar https://t.co/CMTyGV8ZNP
Comcast shares rising in premarket. https://t.co/EuRQySt3hp
Comcast reports higher earnings, boosted by its theme parks and broadband business, even as cable-TV subscribers continued to ebb away https://t.co/GgwIGRKxDy