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Comcast beats earnings estimates despite more broadband subscriber losses
Youtube· 2025-10-30 11:32
Core Insights - Comcast reported quarterly earnings of $1.12 per share, exceeding expectations by $0.02, with revenue of $31.2 billion, also above forecasts [1] - The company achieved a record net addition of 414,000 domestic wireless lines, ending the quarter with 41 million Peacock paid subscribers [1] - Free cash flow for the quarter was reported at $4.9 billion [1] Financial Performance - Business services connectivity revenue increased by 6.2% to $2.6 billion [2] - Media EBITD increased by 28% to $832 million, driven by Peacock [2] - Total connectivity and platforms revenue was $20.18 billion, slightly below estimates [2] - Total content and experience revenue reached $11.7 billion, beating expectations, with media and studios performing well and theme parks in line [3] Theme Parks and Future Outlook - Epic Universe contributed to a 19% revenue increase at the theme parks [3] - The stock price increased by approximately 2.8% following the earnings report, although it remains down 30% year-to-date [3] - There are ongoing discussions regarding the future of media assets, including potential bids for Warner Brothers Discovery and competition with Paramount [5][6] - The industry is described as being in a state of flux, with significant developments expected in the next six months to a year [6]