Comcast Thursday, expectations of the first quarter exceeded that the company was losing wide -band customers in the midst of increased competition.
While large -strip national income increased by 1.7% to $ 6.56 billion, Comcast lost 199,000 total national customers, reflecting the continuous pressure On the business of the cable giant. Competition has increased in recent years due to the rise of alternative home internet options, including 5G or so-called fixed wireless.
Comcast's actions have dropped by around 3% of pre-commercial exchanges.
Meanwhile, comcast under 10 years old Mobile activity has remained a light point During the quarter. Unit income increased by around 16% to $ 1.12 billion, and added 323,000 lines. There are now around 8.15 million total XFINITY mobile lines.
During the call for results of the last quarter, the leaders of Comcast Investor alert They would move the company's objective to the growth of its mobile activities as a result of large -band continuous losses. Since then new rental.
Comcast reported 427,000 losses from cable television customers during the quarter while the traditional bundle continues to bleed customers. Comcast provides its large -band, mobile and paid television services under the Xfinity brand.
Here's how Comcast played for the The period ended on March 31, Compared to the estimates of the analysts questioned by LSEG:
- Profit by action: $ 1.09 adjusted vs 98 cents expected
- Income: $ 29.89 billion against $ 29.77 billion expected
For the first quarter, Comcast's net profit fell 12.5% to $ 3.38 billion, or 89 cents per share, against $ 3.86 billion, or 97 cents per share during the same period a year earlier. Adjustment for occasional elements, including income tax fees and costs related to the value of assets, among other elements, Comcast declared a profit per share of $ 1.09.
The profits adjusted before interest, taxes, depreciation and depreciation, or EBITDA, increased by almost 2% to 9.53 billion dollars.
The company's revenues fell slightly to $ 29.89 billion, compared to $ 30.06 billion during the same period in 2024.
Revenues have been helped by what Comcast calls its “growth companies”, including mobile, the Peacock streaming platform, business services unit, residential broadband, studios and theme parks. Comcast is turning your wallet of wired networks, including CNBC, in a transaction that should be completed this year.
Income from the media segment, which include NBCUNIVERIVERSAL, increased by around 1% to 6.44 billion dollars, and income from the cinema studios have increased by $ 2.83 billion to $ 2.83 billion.
The media unit obtained a boost from Peacock, with an adjusted EBITDA for the segment up 21% to $ 1 billion driven by the streaming platform. Peacock's revenues himself increased by 16%. The quarterly loss of streamer has shrunk at $ 215 million, against a loss of $ 639 million in the same quarter a year earlier.
Peacock had 41 million paid subscribers, beating estimates by analysts of 37.21 million for the quarter, according to Streetaccount. Peacock finished the last financial year with 36 million paid customers.
Competitors, including Disney And Discovery Warner Bros. to have each Given their streaming platforms reach profitability during recent quarters. The banners have moved gears to focus on commercial models supported by advertising and repress Password In order to achieve profitability, Wall Street investors have moved to metrics rather than adding subscribers.
NBCUNIVERIVERSALE's theme parks have dropped by 5% to around 1.88 billion dollars – caused by the decline in the attendance of guests in a quarter, LOS Angeles forest fires – weighs down the global company.
The company is prepare For the beginnings of Universal Epic Universe on May 22, which will be the first development of major theme parks in Florida in 25 years. In Thursday's release, Comcast called the new themed park that its “most ambitious parks experience ever created” with more than 50 attractions.
In August, he will also open the universal horror launched in Las Vegas. NBCUNIVERIVESSAL also recently announced its intention to build a universal theme park and a station in the United Kingdom
Disclosure: Comcast has nbcuniversal, the parent company of CNBC.
