Comcast topped Wall Street’s fourth-quarter estimates on Thursday despite reporting larger-than-expected broadband subscriber losses and stagnating paid subscribers for its streaming service, Peacock.
Wall Street has been particularly focused on cable companies’ broadband businesses, which still garner high revenue and earnings but have been in the midst of a customer growth slump due to heightened competition from wireless companies, among other factors.
At the same time, streaming has been top of mind for the Street. Although profitability is now considered the key measure of success, investors have taken note of recent subscriber additions by major players since the introduction of cheaper, ad-supported tiers.
Comcast reported Thursday that it lost 139,000 residential broadband customers during the fourth quarter, more than the 100,000 losses that Comcast Cable CEO Dave Watson had telegraphed in December during an investor…
