Comcast shares immersed as a ‘wicked’ success off offset by the big losses of under -creations

Comcast reported a large decline in broad -generation subscribers for the fourth quarter Thursday in competition from telecom firms that have merged 5G mobile services with internet plans, sending its shares about 11% lower.

The losses of broader generation subscribers overshadowed the results of Telecom’s optimism and the Giant Media and the announcement of a $ 15 billion stock purchase program.

Comcast lost 139,000 wide -generation customers, higher than factset estimates for a loss of 91,000, as it was also injured by Milton and Hellenic hurricanes that demolished businesses in Florida during the quarter.

The company plans to introduce new prince packages for the update markets in the coming months that wireless packages and internet, said Comcast Mike Cavanagh president in a post -profit conference call.

Comcast is adopting a strategy similar to that of wireless carriers such as AT&T and Verizon, which aim to increase their market share by attracting customers with descending premium plans that pack high -speed mobile services.

“Comcast and his cable peers have a dramatic advantage to be able to provide a converged solution everywhere,” said Moffettnathson Craig Moffett analyst.

However, the company’s quarterly results were strong, assisted by her studio business.

Its total revenue increased 2.1% to $ 31.92 billion, beating estimates of $ 31.64 billion, according to LSEG data.

Its 96 cent profitable profit also 10 cents Topod ratings.

“Wicked”, an adaptation of the Broadway preaching film with “Wizard of Oz”, was Grosser Universal Pictures’ largest in three -month.

It earned approximately $ 700 million in the global cash register and helped the power of a nearly 7% increase in Comcast studio revenue.

Paula income increased 27.8% thanks to the rise of prices made last year before the Olympics.

Comcast plans to remove the main drivers of its profit such as the studio and business of thematic parks from the declining TV unit by rotating the NBCuniversal selected cable networks.

Its cable television networks lost 311,000 users due to cord cutting from customers shifting to the broadcast.