Communications Services Down, but Not by Much, After Comcast Earnings — Communications Services Roundup
Communications-services fell, but not by as much as the broad market, amid strong earnings.
Comcast shares rallied after the cable giant stemmed subscriber losses for its critical domestic residential broadband business in its latest quarter and saw increased advertising revenue from the Olympics and Super Bowl.
Shareholders of Warner Bros. Discovery approved the company's sale to Paramount Skydance, bringing the proposed merger that would transform the entertainment industry a step closer to completion.
Netflix's board added $25 billion to the streaming giant's stock-buyback program. Shares of the streaming service have fallen by more than one third since their all-time high in 2025.
Former Walt Disney Chief Executive Bob Iger is returning to venture capital, with an advisory role at Thrive Capital, the firm started by Joshua Kushner, whose brother is President Trump's son-in-law Jared Kushner.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
April 23, 2026 18:44 ET (22:44 GMT)
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