0
Broadband

Comcast results fall despite record broadband growth in Q3

Thursday 29 October 2020 | 12:56 CET | News
Comcast reported third-quarter revenues down 4.8 percent year-on-year to USD 25.5 billion, reducing the sales decline to less than half the rate reported in Q2. The company continued to suffer from the slowdown in the movie business and theme park closures, offset in part by record growth in cable broadband customers in the US. Adjusted EBITDA fell 11.3 percent to USD 7.6 billion, and EPS dropped 37.1 percent to USD 0.44. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Comcast
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Comcast to extend monthly broadband data cap across footprint from January

Published 24 Nov 2020 17:55 CET | United States
Comcast is extending its 1.2TB monthly data cap to its entire cable network footprint from January, reports Ars Technica. The ...

Comcast launches 'Self Protection' home security offering

Published 10 Nov 2020 10:10 CET | United States
Comcast announced a new Xfinity Home offering called Self Protection home surveillance service that includes security cameras ...

Nieuwsoverzicht week 44: Omzet in Q3 laat herstel zien, nieuwe glasvezel joint ventures krijgen vorm

Published 02 Nov 2020 15:04 CET | World
Het nieuws van de afgelopen week werd gedomineerd door kwartaalrapporten. De meeste bedrijven herstelden zich van de zwakke ...

Weekly news summary: Q3 earnings show rebound, new fibre ventures take shape

Published 02 Nov 2020 09:24 CET | World
The past week's news was dominated by earnings reports. Most companies showed a bounce back from the weak results of Q2 during ...

Sky ends Q3 with 23.69 million customers; EBITDA down 43%

Published 30 Oct 2020 10:34 CET | Europe
Broadcasting and communications group Sky, owned by Comcast, generated revenue of USD 4.79 billion in Q3 2020, up 5.2 percent ...

Sony upgrades FY outlook on strong Playstation, streaming music sales

Published 28 Oct 2020 10:51 CET | World
Sony has upgraded its outlook for full-year results, as strong demand for its Playstation products and streaming music offset the ...

Comcast backs small businesses hit by Covid-19

Published 14 Oct 2020 11:01 CET | United States
Comcast launched Comcast Rise, an initiative created to help strengthen small businesses hit by Covid-19. The Comcast Rise ...

Comcast delivers 1.25 Gbps over live network in Florida's Jacksonville

Published 09 Oct 2020 09:24 CET | United States
US cable operator Comcast said it has achieved a 10G technical milestone, delivering 1.25 Gbps upload and download speeds in a ...

Comcast introduces latest xFi Pod

Published 02 Oct 2020 12:12 CET | United States
US cable operator Comcast has introduced a new xFi Pod for its Xfinity Internet customers. The device is twice as fast as ...

Comcast CEO says Peacock registers 15 mln users, up 50% in 6 weeks

Published 16 Sep 2020 09:38 CET | United States
NBCUniversal's streaming service Peacock has reached 15 million sign-ups, a 50 percent increase in six weeks, CNBC reports. The ...

Comcast announces new Xfinity offering to help educators stay connected this fall

Published 21 Aug 2020 09:55 CET | United States
Comcast announced a new Xfinity Internet offer for K-12 teachers and administrators as well as university faculty and staff aimed ...

Comcast expands Internet Essentials programme to schools

Published 14 Aug 2020 09:28 CET | United States
Comcast is expanding its Internet Essentials programme for low-cost internet subscriptions to schools and cities. To support the ...

Comcast signs up over 10 mln Peacock users as pay-TV losses accumulate in Q2

Published 30 Jul 2020 13:52 CET | United States
Comcast reported lower results for the second quarter, as the Covid-19 pandemic impacted its TV, films and theme parks business. ...

Comcast Q1 results fall as Covid-19 crisis hurts content, ad revenues

Published 30 Apr 2020 16:08 CET | United States
Comcast reported a fall in first-quarter results, as the coronavirus outbreak hurt revenues at its films division, theme parks ...





Calendar   /   Industry Events

01 Dec 5G Italy
02 Dec FTTH Conference
03 Dec GCX fiscal Q2
03 Dec Marvell Technology fiscal Q3
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
07 Dec Report: Dutch Mobile Operators 2020-Q3
07 Dec Report: Dutch Broadband 2020-Q3
08 Dec WebexOne
09 Dec Comtech fiscal Q1
09 Dec Zayo fiscal Q3
10 Dec Ciena fiscal Q4
10 Dec Broadcom fiscal Q4
10 Dec Cisco AGM
::: More Calendar Items