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Comcast Beats Q1 Estimates but Faces Subscriber Declines

The company reported strong financial results but lost broadband and cable customers as it pivots toward streaming and mobile growth.

A view shows signage at the corporate headquarters of Comcast in Philadelphia, Pennsylvania, U.S. November 20, 2024. REUTERS/Bastiaan Slabbers/File Photo
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Overview

  • Comcast reported Q1 2025 revenue of $29.89 billion and adjusted earnings per share of $1.09, exceeding analyst expectations.
  • Broadband subscribers declined by 199,000, while cable TV customers fell by 427,000, reflecting ongoing challenges in legacy businesses.
  • Peacock gained 5 million new paid subscribers, reaching 41 million, and narrowed its quarterly loss to $215 million, down from $639 million a year ago.
  • Xfinity Mobile added 323,000 wireless lines, highlighting growth in Comcast's mobile segment as a key driver of future revenue.
  • Theme park revenue dropped 5.2% to $1.88 billion, impacted by January wildfires in Los Angeles and pre-opening costs for the upcoming Epic Universe in May.