Comcast actions plunge as “bad” success compensated by the losses of large subscribers

Comcast reported a sharp drop in broadband subscribers for the fourth quarter Thursday on competition from telecommunications companies that bring together 5G mobile services with Internet plans, sending its shares for less than 11%.

Large strip losses have overshadowed the optimistic results of the telecommunications and media giant and the announcement of an action buy -back program of $ 15 billion.

Comcast lost 139,000 high speed customers during the quarter, more than factSet estimates of a loss of 91,000, because it was also injured by Hurricaneness Milton and Helene who disrupted Florida companies during the quarter .

The company plans to introduce new pricing packages for the improved markets in the coming months that group Wireless and Internet, said Comcast president Mike Cavanagh, in a post of conferences.

Comcast adopts a strategy similar to that of wireless operators such as AT&T and Verizon, which aim to increase their market share by attracting customers with reduced premium plans that bring together 5G mobile services with broadband internet.

“Comcast and its cable peers have a spectacular advantage to be able to offer a solution converged everywhere,” said Craig Moffett, analyst of Moffettnathanson.

However, the quarterly results of the company were solid, helped by its studio activities.

Its total turnover increased by 2.1% to 31.92 billion dollars, beating estimates of $ 31.64 billion, according to LSEG data.

Its adjusted benefit of 96 cents per share has also exceeded the estimates of 10 cents.

“Wicked”, a cinematographic adaptation of the Broadway prequel to “The Wizard of Oz”, was the biggest largest of Universal Pictures in the quarter.

He won around $ 700 million at the world box office and helped fuel an increase of almost 7% of the Comcast studio income.

Peacock’s income increased by 27.8% thanks to the price increases made last year before the Olympic Games.

Comcast plans to unleash its main pilots for use such as studio activities and themed parks of the drop in cable television unit by running Select NBCUSSAL CABLE NETWORKS.

Its cable television networks have lost 311,000 users due to the cord cut by consumers going streaming.