Charter’s Broadband Subscriber Losses Add to Woe for Cable TV
Charter Communications Inc. shares rose as much as 7.2% after the company reported better-than-expected fourth quarter results, including revenue and profit gains, as well as video-customer declines that were less than Wall Street had projected.
Comcast's steep broadband subscriber losses take shine off strong studio performance
Comcast reported a steep decline in broadband subscribers for the fourth quarter on Thursday on competition from telecom firms that have been bundling 5G mobile services with internet plans, sending its shares about 11% lower.
Comcast Loses More Broadband Subscribers Than Expected, and Stock Tumbles
Key Takeaways Comcast's broadband customers declined more than anticipated, sending shares plunging.The customer drop of 139,000 was worse than what Comcast Cable CEO Dave Watson warned would be lost last month.
Comcast Shares Tumble as Broadband-Subscriber Losses Widen
Comcast Corp. shares fell 11% to their lowest level in more than two years after the company reported broadband subscriber losses that exceeded expectations and said “intense” competition in that business would continue.
'Wicked' fuels strong Comcast revenue, cushions broadband subscriber losses
Comcast surpassed fourth-quarter revenue estimates on Thursday as blockbuster holiday releases, including "Wicked", more than made up for a larger-than-expected decline in broadband customers. The media and telecom giant also unveiled a $15 billion share buyback program.
Charter shares tumble after Comcast's broadband losses
Charter Communications (NASDAQ:CHTR) stock fell 6.3% following Comcast (NASDAQ:CMCSA)'s report of significant broadband subscriber losses, which also dragged its own shares down by 11%. The ripple effect on Charter's stock comes ahead of its own earnings report,
Comcast stock sinks as Peacock fails to add more subscribers, broadband losses disappoint
Comcast stock fell double digits on Thursday after the company reported a bigger-than-expected drop in broadband customers and failed to add more subscribers to its Peacock streaming service.
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AT&T ends broadband service in NY: What that means for customers in our area
"While we are committed to providing reliable and affordable internet service to customers across the country, New York's ...
Comcast shifts strategy to mobile as fourth-quarter broadband numbers disappoint
Comcast executives said the company's focus would shift to growing its mobile business after a bigger-than-expected loss of ...
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Birchwood broadband expansion project set to reach nearly 300 homes
Nearly 300 homes in Birchwood are set to gain access to high-speed broadband internet as work begins on a critical expansion ...
Comcast’s broadband woes may fuel the stock’s worst day in 16 years. What’s next?
Comcast Corp.’s stock fell 4% early Thursday, after the cable company’s fourth-quarter earnings topped estimates. But it ...
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Alabama’s broadband expansion: A national model for rural connectivity
The state's progress is not just about connectivity—it’s about economic growth, education, and healthcare access for ...
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Broadband boost in Birchwood: Federal funding connects 300 families in Hamilton County
Work is now underway on a broadband expansion project for hundreds of people in the Birchwood neighborhood of Hamilton County.The project, announced by Hamilton ...
Talk Business18h
UAMS recommended for $10.7 million in federal broadband funds
The National Telecommunications and Information Administration (NTIA) announced the University of Arkansas for Medical ...
Charter Beats Earnings Estimates: Mobile Growth Surges, Broadband Subscriber Losses, Network Investments, Mobile & Ad Sales Increase
Charter Communications reported Q4 2024 revenue growth of 1.6% to $13.93B, beating analyst estimates. EPS of $10.10 also beat ...
Mike Sanders embraces his role as Oklahoma's chief broadband advocate
He says fast wireless connection will improve education and rural health care and be just as significant as electrification ...
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Bedford OKs support letters for companies eying broadband grant funds
Four internet service providers who have performed broadband projects in Bedford County will receive a letter of support from ...
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Broadband Expansion Project To Reach 300 More Homes In Birchwood
The Georgia Department of Labor announced today that unemployment claims declined across most of Georgia's regional ...