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BTCC / BTCC Square / Global Cryptocurrency /
Comcast Q1 Earnings Beat Estimates Despite Stock Dip

Comcast Q1 Earnings Beat Estimates Despite Stock Dip

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2026-04-24 18:13:02
0
BTCCSquare news:

Comcast delivered stronger-than-expected Q1 results, with adjusted EPS of $0.79 surpassing the $0.73 consensus and revenue reaching $31.46 billion, a 5.3% year-over-year increase. The performance was buoyed by robust sports advertising during the Super Bowl and Milan Cortina Winter Olympics, which drove significant ad revenue growth.

While broadband subscriber losses narrowed to approximately 65,000, wireless line additions hit a record high. Despite these positive metrics, CMCSA shares fell to $29.45 on Friday, reflecting market skepticism. Citigroup raised its price target to $35.50, maintaining a Buy rating, signaling confidence in Comcast's long-term trajectory.

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