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2w ago

Comcast Q1 2025 Earnings Highlight Broadband Losses and Streaming Gains

The company reported a revenue of $29.89 billion, with broadband subscriber losses intensifying while Peacock grew its subscriber base and narrowed losses.

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 lost 199,000 broadband customers in Q1 2025, a steeper decline than the prior quarter and higher than analyst expectations.
  • The company’s mobile business added 323,000 new wireless lines, marking a bright spot in its connectivity segment.
  • Peacock grew its paid subscriber base to 41 million, reducing its operating loss to $215 million from $639 million a year earlier.
  • NBCUniversal's studios revenue rose 3%, driven by strong performances from films like 'Wicked' and 'Nosferatu,' while theme park revenue dropped 5.2% due to lower attendance and wildfire impacts.
  • Comcast's planned spin-off of its cable network portfolio, dubbed SpinCo, remains on track for completion by year-end to address challenges in traditional media.