Comcast Stock Plunges After It Reports Losing 139,000 Broadband Customers: 'Disappointing'
Comcast shares dropped 12% Thursday morning after the company reported a loss of nearly 140,000 residential broadband customers in the fourth quarter and a stagnating subscriber base for its Peacock streaming service.
Why Comcast (CMCSA) Stock Is Tumbling Today
Comcast’s (CMCSA) stock is sinking 13% after the firm reported that it had lost net totals of 139,000 broadband internet customers and 311,000 video subscribers last quarter. The large declines drew investors’ attention away from the company’s stronger-than-expected Q4 results.
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