Comcast surpassed first-quarter expectations on Thursday even as the company lost broadband customers amid heightened competition.While domestic broadband revenue was up 1.7% to $6.56 billion, Comcast lost 199,000 total domestic broadband customers, reflecting the continued pressure on the cable giant's cornerstone business. Competition has ramped up in recent years...
A Fox Sports television camera during a game between the Utah Utes and the USC Trojans at the Los Angeles Memorial Coliseum in Los Angeles on Oct. 21, 2023.Brian Rothmuller | Icon Sportswire | Getty ImagesFox Corp. is finally getting into the direct-to-consumer streaming game.The company known for its...
Igor Golovniov | Lightrocket | Getty ImagesCable giant Comcast is looking to the wireless business for growth.Comcast executives said Thursday the company will shift its focus to its mobile business after reporting a loss of 139,000 residential broadband customers during the fourth quarter. Broadband has long been the growth...
Jeff Fusco | Getty ImagesComcast topped Wall Street's fourth-quarter estimates on Thursday as revenue from the company's broadband business gave it a boost despite losing customers. Here is how the company performed for the quarter, compared with average analyst estimates from LSEG: Earnings per share: 96 cents adjusted vs 86 centsRevenue:...
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's chief financial officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that the "cost is probably...
A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella's Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.Gary Hershorn | Corbis News | Getty ImagesDisney will report its fiscal fourth-quarter earnings before the bell...
Jakub Porzycki | Nurphoto | Getty ImagesWarner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter.It marked the biggest quarterly growth for the streaming platform since its inception. Max now has 110.5 million subscribers as of Sept. 30. Warner Bros. Discovery's...
NBCUniversal kicks off it's new Peacock streaming service.Todd Williamson | Peacock | NBCUniversal | Getty ImagesComcast beat third-quarter earning expectations on Thursday, as the Summer Olympics in Paris boosted NBCUniversal's revenue and Peacock's subscriber count. Here is how Comcast performed, compared with estimates from analysts surveyed by LSEG:Here is how...
The National Football League's bet on streaming is paying off — and helping to broaden its fanbase in the U.S. and globally.Hans Schroeder, the NFL's executive vice president of media distribution, said at CNBC x Boardroom's Game Plan sports business event on Tuesday that the league's recent slew of...
A detailed view of the NFL shield logo on the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium in Houston on Aug. 24, 2024.Ric Tapia | Getty Images Sport | Getty ImagesThe National Football League is opening its gates to...