Comcast lost 65,000 broadband customers in Q1, a significant improvement from 183,000 lost a year ago, while revenue reached $31.46 billion and adjusted EPS was $0.79, both above estimates.
Peacock added 2 million subscribers and nearly doubled revenue to $2.1 billion, while NBCUniversal saw $2.2 billion in incremental revenue from major February events. The wireless business added 435,000 new mobile lines.
Despite narrowing broadband losses and growth in streaming and mobile, broadband ARPU fell 3.1% and competitive pressures remain. Comcast stock trades well below its 52-week high, but signs of a turnaround are emerging.
Why did Comcast's stock crash after a record-breaking quarter?
Are Peacock and mobile growth strong enough to offset broadband losses?
How will government-funded rivals impact Comcast's broadband future?
Is Comcast a brilliant turnaround story or a classic value trap?
Can Comcast's internet technology win the long-term battle against fiber?