Comcast Earnings: Broadband Pricing Discipline Is Key, Offsetting Peacock Uncertainty

Comcast's first-quarter headline numbers were weak. The firm lost 65,000 net broadband customers, its worst performance ever, as fixed-wireless offerings continue to take market share. Wireless customer growth dropped to the slowest pace in more than two years. Peacock added 3 million new paying customers, but that figure only matched the number of signups tied to the exclusive NFL playoff game in January, as estimated by Antenna. The theme park business hit a wall, growing revenue only 1.5% year over year, with traffic weakening in Orlando. Consolidated revenue increased 1.2% year over year, and EBITDA was roughly flat.