Comcast warns of steeper impact of coronavirus as first quarter revenue narrowly misses forecast [Reuters]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: Reuters
Comcast first-quarter broadband growth tops views, coronavirus hurts advertising (Reuters) - Comcast Corp ( CMCSA.O ) on Thursday reported its best quarter of broadband net additions in 12 years, but revenue fell shy of Wall Street’s estimate as the coronavirus pandemic hurt advertising. In the first quarter, Comcast gained 477,000 broadband subscribers, beating analysts’ average estimate of 364,000 net additions, according to research firm FactSet. Revenue from the business grew 9.3% to $5 billion. Comcast experienced a spike in broadband use and a shift in usage patterns as schools and offices closed because of the coronavirus outbreak. The company has said its network has had enough capacity to manage those changes. Video losses in the first quarter were steeper than expected as the trend toward “cord-cutting” continues. Comcast lost 409,000 video customers, more than the 261,000 loss estimated by FactSet and more than the 149,000 video customers it lost in the fourth quarter. Th
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CMCSA
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- 10/30/25 - Beat
CMCSA
Sec Filings
- 12/3/25 - Form 8-K
- 11/21/25 - Form 4
- 11/21/25 - Form 4
- CMCSA's page on the SEC website