COMCAST reported a drastic decrease in stocks in the fourth quarter of Thursday in a competition with a telecom company that summarizes 5G mobile services on the Internet plan, and reduced the stock by about 11 %.
The loss of a broadband subscriber has covered the bright results of telecom and media giants and the announcement of the $ 15 billion of the stock.
COMCAST lost 139,000 broadband customers in the quarter, higher than the 91,000 loss factor. This is because Hurricane Milton and Helen, which confused Florida's business during the quarter, were also damaged.
COMCAST President Mike Cavanagh states that the company will introduce a new price setting package for the market that upgraded wireless and Internet bundles in the next few months.
COMCAST adopts a strategy similar to a wireless carrier strategy such as AT & T and Verizon. The purpose is to increase market share by attracting customers with a discount premium plan that bundles 5G mobile services on high -speed Internet.
“COMCAST and their cable pear have a dramatic advantage of providing convergence solutions everywhere,” said Moffettnathanson's analyst Craig Movet.
However, the company's quarterly results were powerful with the support of the studio business.
According to LSEG data, the total revenue increased by 2.1 % to $ 31.92 billion, and the estimated value of $ 31.64 billion was broken.
The 96 -cented profits per share have exceeded the estimated value by 10 cents.
The movie “Wyikid”, which turned the first part of Broadway for “Oz's Wizard”, was the biggest glosser of this quarterly Universal Pictures.
He gained about $ 700 million with global box office revenue, supporting nearly 7 % of COMCAST's studio revenue.
Peacock's revenue increased by 27.8 % thanks to the rise in prices before the Olympics last year.
COMCAST plans to spin the SELECT NBCUNIVERSAL CABLE Networks, such as Studio Parks Business, and to discharge the cable TV unit.
The cable TV network lost 311,000 users due to a code cut by consumers shifting to streaming.
