Comcast Corp (NASDAQ: CMCSA) reported a fourth-quarter FY23 revenue growth of 2.3% year-on-year to $31.25 billion, beating the consensus of $30.51 billion. Adjusted EPS of $0.84 beat the consensus of $0.79.
Segments: Revenue for Connectivity & Platforms grew by 0.5% Y/Y to $20.42 billion. Broadband revenue grew 3.7% Y/Y to $6.40 billion.
Customer Relationships decreased by 183,000 to 52.1 million.
Broadband customer net losses were 34,000, and total video customer net losses were 389,000. The company’s Connectivity & Platforms added 310,000 wireless lines, reaching 6.59 million in the quarter.
Meanwhile, AT&T Inc (NYSE:T) clocked 5.9 million wireless net adds, including 526 thousand postpaid ...