Breaking News

Comcast Gains 379K Internet Subscribers

With additions to its internet subscribers but a loss in video users, Comcast Corp. came out ahead of Wall Street estimates for third-quarter profits. The firm took on 379,000 high-speed internet subscribers, which surpassed the analysts’ average estimate of 344,000 net additions, per FactSet, Reuters reported.

Comcast lost 238,000 video customers in the three months that concluded on Sept. 30, which was higher than the 203,000 loss that FactSet estimated and over the 224,000 it lost in Q2. The NBCUniversal business reported revenue of $8.30 billion, which dropped 3.5 percent from a year prior.

Total revenue increased 21.2 percent to $26.83 billion, which came out ahead of the analysts’ average estimate of $26.77 billion, per IBES data from Refinitiv. Revenue from the high-speed internet business increased 9.3 percent to $4.72 billion. And net income attributable to Comcast increased from 62 cents per share or $2.89 billion one year earlier to 70 cents per share or $3.22 billion.

The Philadelphia company is scheduled to roll out a streaming service next year, as consumers increasingly ditch their pay TV subscriptions for streaming. The service from the NBCUniversal Unit, dubbed “Peacock,” will provide a wide range of original content, with the inclusion of “Dr. Death” starring Alec Baldwin.

In separate streaming news, Disney’s anticipated launch of Disney+ will reportedly happen on Nov. 12 on most major streaming platforms. People can subscribe to Disney+ through many platforms and devices, with the inclusion of Apple TV and iOS, Sony PlayStation 4 and Android. The move by Disney is reportedly an effort to rival competitors with original content.

The streaming market is an increasingly competitive space, as Disney+ strives to compete with other services such as Apple TV, AT&T’s WarnerMedia and Netflix.



About: Forty-seven percent of U.S. consumers are shying away from digital-only banks due to data security worries, despite significant interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can shore up privacy and security while offering convenient services to satisfy this unmet demand.

Bitcoin Casino
bitcoin casino india
bitcoin gambling
keonhacai hôm nay
link dang ky k8
link vào k8
Bitcoin Gambling
Bitcoin Casino India
Btc Gambling
Bitcoin Lottery
Bitcoin Gambling news
Bitcoin Sportsbook
Bitcoin Poker Reddit
keonhacai hôm nay
trang cá cược bóng đá
kèo nhà cái
link vào k8