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Comcast sheds more broadband customers as competition mounts on core business
Yahoo Finance· 2026-01-29 12:07
Core Insights - Comcast experienced a loss of 181,000 broadband customers in Q4, exceeding the expected decline of 173,780 customers, indicating increased competitive pressure in the broadband market [2][1] - The company plans to avoid price increases this year and is revamping service packages to retain customers [2] - Analysts predict no significant customer growth for Comcast until 2027 [2] Financial Performance - Comcast reported total revenue of $32.31 billion for the quarter, slightly below the estimate of $32.35 billion [3] - Free cash flow for the quarter was $4.37 billion, significantly higher than the analysts' estimate of $2.23 billion [5] - Adjusted profit was 84 cents per share, surpassing expectations of 75 cents [5] Business Segments - The theme parks division, including Epic Universe in Orlando, achieved record revenue growth of 21.9%, totaling $2.98 billion [3] - The Peacock streaming service gained 3 million paid subscribers, attributed to new sports content, although losses widened to $552 million due to associated costs [4] - NBCUniversal is expected to deliver around 40% of major live events in the industry this year, including the Super Bowl and Winter Olympics [4]