"Comcast posted mixed results for its fourth quarter on Thursday, beating analyst expectations on earnings but slightly missing on revenue. Once again, Comcast's broadband business showed signs of significant competition facing cable companies. Comcast said it lost 181,000 domestic broadband customers during the period, although said the losses were offset by an increase in international subscribers. The company's mobile offering remained a bright spot, notching 364,000 additions during the period and bringing its total to more than 9.3 million mobile customers for Comcast's newest business."
"Here's how Comcast performed in the period ended Dec. 31 compared with average analyst estimates, according to LSEG: Earnings per share: 84 cents adjusted vs. 75 cents expected Revenue: $32.31 billion vs. $32.35 billion expected Net income attributable to Comcast decreased 54.6% to $2.17 billion, or 60 cents per share, compared with $4.78 billion, or $1.24 per share a year earlier."
Comcast posted mixed fourth-quarter results, with adjusted earnings per share of 84 cents beating expectations while revenue slightly missed at $32.31 billion. Net income attributable to Comcast fell 54.6% to $2.17 billion, or 60 cents per share, down from $4.78 billion a year earlier. Adjusted net income was $3.06 billion, or 84 cents per share, and adjusted EBITDA declined 10% to $7.9 billion. Domestic broadband lost 181,000 customers, partially offset by international subscriber gains. Mobile added 364,000 subscribers, bringing total mobile customers to over 9.3 million, reflecting a strategic shift toward mobile amid broadband competition.
Read at www.cnbc.com
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