The cable and internet company says it lost more subscribers over the quarter, adding to the industry’s list of woes.
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Strong Peacock growth and earnings beat offset continued broadband and cable subscriber declines ahead of NBCUniversal separation.
Comcast Corporation (NASDAQ:CMCSA, XETRA:CTP2) reported stronger-than-expected second quarter 2026 results on Thursday, with adjusted earnings per share and revenue topping Wall Street expectations, while the company highlighted growth across its connectivity businesses and the first quarterly...
Investing.com -- Bank of America on Monday upgraded T-Mobile U.S. to Buy from Neutral, reflecting a view that the market is overreacting to concerns about low-earth-orbit (LEO) satellite competition, with T-Mobile carrying the lowest exposure to that threat among major U.S. carriers.
Comcast’s Sky has agreed to buy ITV’s media and entertainment business in a deal that will see ITV spin ITV Studios off into a separate London-listed business.
Sky, the UK-based TV, internet and mobile phone provider owned by Comcast, has agreed to buy ITV’s media and entertainment arm for up to 1.6 billion pounds ($2.1 billion) after months of talks to create a major competitor to the global streaming giants. The deal includes the terrestrial TV channels and streaming service of ITV, Britain’s largest commercial broadcaster.
Investing.com -- Comcast Corp. has received upgrades from Rosenblatt Securities and Deutsche Bank on Tuesday following the company's surprise announcement that it plans to spin off NBCUniversal into a separate publicly traded company.
Bonds backing Charter Communications popped this morning, buoyed by reports of a potential mobile phone partnership with SpaceX as well as the revelation that rival Comcast Corp. plans to split into two publicly traded companies. Charter stock surged after Bloomberg reported that the company is in discussions to route some phone traffic through SpaceX’s direct-to-cell service, which SpaceX already operates in partnership with T-Mobile. This would enable Charter to pivot from its massive and cost
Analyst says media spinoff was long overdue.
Comcast plans to separate NBCUniversal and Sky into a new publicly traded company within a year.
The spinoff of NBCUniversal and Sky will separate the company’s connectivity business from its film, theme park and streaming operations.
The company will separate Comcast and NBCUniversal into two public companies.
Comcast stock surged after the company announced it would split into two public companies.
The spinoff of NBCUniversal and Sky will separate the company’s connectivity business from its film, theme park and streaming operations.
June 29 (Reuters) - U.S. stock index futures rose on Monday, led by strong gains in the tech-heavy Nasdaq 100, as easing tensions in the Middle East lifted sentiment following days of hostilities
Fox Corp. has agreed to buy the streaming pioneer Roku in a cash-and-stock deal valued at approximately $22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said Monday, and there appears to be no immediate changes that customers will see. Fox and Roku said that the combined company will become the third-largest player in U.S. television by share of viewing.
CNBC owner Versant Media Group has posted a strong Q1 release. Options data suggests VSNT shares will extend gains through the remainder of 2026.
The gain came despite declines in the company’s revenue and net income on lower subscriber numbers and ad sales.
Versant Media topped Wall Street estimates for first-quarter revenue on Thursday, as content licensing deals and strong sales at businesses like Fandango helped cushion the impact of pay-TV cord cutting. The Comcast spinoff, whose portfolio is centered on cable networks, has been expanding the reach of major brands including CNBC and MS NOW to stay competitive as viewers increasingly move to streaming. For the January-March period, total revenue came in at $1.69 billion compared with estimates of $1.62 billion, according to data compiled by LSEG.
The company beat Wall Street expectations in its second earnings report since it was spun off from Comcast.