'Wicked' fuels strong Comcast revenue, cushions broadband subscriber losses
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Comcast exceeded fourth-quarter revenue expectations due to successful holiday releases like 'Wicked', which offset a significant drop in broadband subscribers.
January 30, 2025 | 12:30 pm
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Comcast's fourth-quarter revenue exceeded expectations, driven by successful holiday releases such as 'Wicked', which compensated for a larger-than-expected decline in broadband subscribers.
The strong performance of 'Wicked' and other holiday releases significantly boosted Comcast's revenue, which helped counterbalance the negative impact of losing more broadband subscribers than anticipated. This positive revenue outcome is likely to have a favorable short-term impact on Comcast's stock price.
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