Comcast forecasts Wall Street first quarter, but local ads and bold decline set arrows

Comcast achieved results in the first quarter a little better than Wall Street’s expectations, but its shares fell in pre -market trading on Thursday.

The total revenue reached $ 29.9 billion, a decrease in part of the hundred of the year. The modified profits of the share increased to $ 1.09 from $ 1.04.

He declined in local ads and investors in the broad broadcast, as Comics shares decreased by more than 3 % in the pre -market trade. The company’s ads, like its peers, became suddenly at risk in the current macroeconomic climate, which witnessed uncertainty due to President Trump’s tariff.

Revenue in the media department increased by 1 % to $ 6.4 billion, but profits increased due to low expenses. The modified Ebitda reached one billion dollars, an increase of 21.5 %. The company said that the decrease in expenses was primarily due to the low sports programming costs in Peacock and its local TV networks. One of the signs of concern was the decline in local advertisements by 7 % to $ 1.9 billion, a decrease in the company, frankly, to the “decrease in revenue in our networks”.

Peacock revenues increased by 16 % to $ 1.2 billion, with modified EBITDA losses improved by $ 424 million from the previous quarter.

Wobbles continued in long wide wide ranges, with residential broadcast customers with three times over the past year. The total decreased by 183,000 to 29.2 million. The company threw 427,000 residential video customers in the quarter (a slight improvement in the loss of 487,000 a year ago) to end the period at 12.1 million. The wireless is still a bright point, as the company has published the most satisfied wireless additions within two years, reaching 8.15 million.

The studios unit installed transportation business from evil and NosfertutuHelping profits before benefits, taxes, depreciation and consumption, up to 22 % to $ 298 million. It was a sleeping quarter, with the features of focus Black bag The most prominent broad version. Revenue increased 3 % to $ 2.8 billion.

Later this year, Comcast aims to close Spinoff for most of its cable network wallets. The independent company will be circulated publicly and owned by Komca shareholders, but it will reduce the public budget of the main company for some of the descending momentum of traditional TV. The management team believes that Spinco (where it is still temporarily called) as a tool to generate money for potential fusion operations, given the pressure that the wire pieces placed in old business.