Comcast first-quarter broadband growth tops views, coronavirus hurts advertising

In the first quarter, Comcast gained 477,000 broadband subscribers, beating analysts’ average estimate of 364,000 net additions, according to research firm FactSet. Comcast experienced a spike in broadband use and a shift in usage patterns as schools and offices closed because of the coronavirus outbreak. Video losses in the first quarter were steeper than expected as the trend toward “cord-cutting” continues. …read more

Source:: Yahoo Finance

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