Comcast reported higher earnings in Q3, driven by its theme parks and broadband business, despite losing cable-TV subscribers. The company also predicted accelerated wireless growth in Q4 and added 294k customers in the 3rd quarter. However, Comcast's Studios division experienced a 25% revenue drop year-over-year. Over the past four years, Comcast lost one-third of its pay-TV customers. In contrast, the company's theme parks division saw a 20% increase in EBITDA, with the highest quarterly profit ever, due to higher revenue at international parks and Super Nintendo World at USH, offset by lower revenue in Orlando. Charter Communications also faced challenges in Q3, losing 320k residential video customers due to a dispute with Disney. Charter's CEO called the Disney carriage deal a significant step forward, but Q3 video revenue fell 9% and broadband results hit the stock. Charter lost about 100k subscribers due to the Disney carriage dispute alone.
Charter loses 320,000 video subscribers after Disney dispute, CFO claims decline “less than we expected” https://t.co/pOjqof5O0h https://t.co/Fp5IZFNql9
From "Moving Forward, Or Moving On" - Taking the figures from today's $CHTR call at face value (~100k video disconnects from Disney programming dispute driving ~15k Internet disconnects), further evidence why the "point of indifference" argument was always overstated https://t.co/JylcWl5cuk
Charter Communications said it lost about 100,000 cable subscribers from its dispute with Disney https://t.co/hAwACgvu6Z
Charter Communications said it lost about 100,000 cable subscribers from its dispute with Disney https://t.co/J0cqHUpVO9
Charter Communications misses estimates for broadband customer additions https://t.co/cSusH86sdc https://t.co/gbPSdVkOYu
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
In its Q3 earnings report, Comcast reported its theme parks EBITDA increased 20% - the highest quarterly profit ever for the division. The increase was driven by higher revenue at international parks and Super Nintendo World at USH - but offset by lower revenue in Orlando. https://t.co/hjB8GQQqsr
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
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