Comcast Hits All-Time High After Earnings Beat

Author:
Publish date:
Video Duration:
1:23

Comcast  (CMCSA) - Get Report reported earnings before the bell on Thursday, Jan. 23.

The company is Real Money's stock of the day

Comcast posted earnings of 79 cents per share, which came in two cents ahead of analysts' forecasts.

Revenues came in strong at $28.4 billion, which easily topped analysts' expectations of 28.18 billion.

Video customer losses came in at 149,000 this quarter, which beat FactSet's expectations by around 10,000

Broadband additions came in very strong, at 442,000. analysts had been expecting 378,000

Comcast is rolling out its peacock streaming service on April 15 for Comcast subscribers. and on July 15, it’ll roll out nationally.

The service--which will directly compete against Disney+, Apple TV+, Netflix, and HBO--has three tiers.

It has a basic service, which is free with 7500+ hours of content.

Then there's Peacock Premium--which is free for bundled for Comcast subscribers--which has a price tag of $4.99 a month and has over 15,000 hours of content.

And, finally, there’s the ad-free version of peacock premium for $9.99 a month.

Online real estate platform CrowdStreet delivers investors a new way to diversify their portfolios with real estate. Individual investors can use CrowdStreet’s leading online marketplace to connect with a wide array of commercial real estate opportunities and projects to make investing in real estate easy! Download the Real Estate Guide.

Catch up on the Latest News, Features & Webinars on TheStreet!

Related Videos