Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
CMCSA shares decreased over 10 % on Thursday morning After I informed the company A greater decrease than expected in bold customers in the fourth quarter and failed to add more subscribers to the peacock flow service.
The company has announced a decrease of 131,000 broadband users, or more than 100,000 CEO COMCAST CABLE, CEO of Dave Watson, who is estimated in December. The escalating losses reflect the competitive challenges as mobile service providers such as Verizon (VZ), T-Mobile (TMUS) and AT & T (T) can attract low-income consumers with more flexible offers.
However, the company said it is still committed to its work in communication and announced strategic changes in “playing to (strengths)” where traffic on the Internet is expanding quickly in the midst of broadcasting.
“The wireless is a useful discrimination, as our convergence offers provide great savings for the consumer,” said the President of the Michael Kavanagh in the profit call. “Thus, we will see us changing our strategy to mobile packages with more high -degree wide wide range products, both for new customers and many of our current customers.”
The bold struggles come in Komca, as the company also informed a decrease of 311,000 TV consumers, as a greater number of consumers cut the cable wire in favor of the lowest cost broadcast services. Company Recently Sports television and new news package, including Peacock, at $ 70 per month. To indicate that this is less than a virtual competitor on YouTube TV (Googl, Googl).
In the profit call, the company continued to emphasize the importance of peacocks, although it did not add or lose any subscribers in the quarter, with a total wage remaining at 36 million.
Comcast improved profitability, as it reported an modified EBITDA loss of $ 372 million compared to a loss of $ 825 million in the same period last year. The losses are expected to improve throughout the year, according to the administration.
“There was no decrease in subscribers after the end of the Summer Olympic Games. This is a victory.”
However, others in Wall Street remained cautious about the rugged rough path for other broadcast giants.
“The peacock discovers that it is precious to compete in the wars of broadcasts and gains more difficult,” said Ross Benz, chief analyst at Emarkter, in a reaction to the report. “As wire continues to be cut off, the decision to sell television networks is still logical, but the buyer’s prospects for these assets will be limited.”
