Comcast shares plunge as ‘Wicked’ success offset…
Comcast reported a steep decline in broadband subscribers for the fourth quarter on Thursday on competitors from telecom corporations which have been bundling 5G cellular companies with web plans, sending its shares about 11% decrease.
The broadband subscriber losses overshadowed the telecom and media giant’s upbeat outcomes and the announcement of a $15 billion share buyback program.
Comcast misplaced 139,000 broadband prospects within the quarter, greater than FactSet estimates of a 91,000 loss, as it was additionally harm by Hurricanes Milton and Helene that disrupted Florida companies…
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