Category: Subscribers
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Comcast stock falls after management warns broadband subscribers will drop by over 100,000 in Q4
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Comcast (CMCSA) shares closed down nearly 10% Monday after Dave Watson, president and CEO of Comcast Cable, said the company expects the number of broadband subscribers to decline by more than 100,000 in the current quarter. Wall Street had expected the number of broadband subscribers to decline by about 63,300,…
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Netflix adds 8 million subscribers, disappoints on revenue outlook
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Netflix (NFLX) reported second-quarter earnings on Thursday, initially sending the stock down 6% in after-hours trading after the streaming giant’s revenue forecast fell short of Wall Street’s expectations for the current quarter. But shares rebounded during the earnings call as investors digested another subscriber gain of more than 8 million…