Tag

Subscriber Loss

All articles tagged with #subscriber loss

business6 months ago•2 min saved

Verizon Surpasses Expectations, Raises Guidance on Strong Q2 and Tax Benefits

Verizon reported better-than-expected Q2 earnings and revenue, raising its full-year guidance despite losing more postpaid phone subscribers than anticipated amid increased competition. The company added fixed wireless broadband customers but fell short on 5G internet subscriber growth. Verizon's stock rose in early trading, though it remains volatile, and the company plans to acquire Frontier Communications for $20 billion.

via Investor's Business Daily|

#business #earnings #revenue

business1 year ago•1 min saved

Comcast Shares Slide Amid Forecasted Broadband Subscriber Decline

Comcast shares fell over 8% after CEO Dave Watson announced the company expects to lose more than 100,000 broadband subscribers in the fourth quarter due to intense competition, particularly from wireless providers like Verizon and T-Mobile. The cable broadband market has been struggling, with fewer new home sign-ups and increased competition affecting growth. Despite these challenges, Comcast's higher-end internet packages remain stable. The company had nearly 32 million domestic broadband customers as of September 30.

via CNBC|

#broadband #business #cable-industry

business-finance1 year ago•1 min saved

"Charter Communications Suffers Historic Stock Plunge Due to Surprising Subscriber Losses"

Charter Communications (CHTR) stock plummeted over 15% after reporting a fourth quarter earnings miss and a surprise loss of broadband subscribers, with the company losing 61,000 internet customers compared to gaining 105,000 a year earlier. The decline is attributed to intense competition in the telecommunications industry, leading to concerns among analysts about the extent of subscriber losses and weaker average revenue per user.

via Yahoo Finance|

#business-finance #charter-communications #competition

business2 years ago•1 min saved

"Disney's Strategic Move: Free Cricket to Reign Supreme in India's Streaming Wars"

Disney is planning to stream live cricket matches for free on smartphones and tablets in India in an effort to regain subscribers lost by its streaming service Disney+ Hotstar. The move is aimed at increasing advertising revenues and attracting new subscribers to its paid plans. Disney+ Hotstar, which lost the Indian Premier League Cricket (IPL) to JioCinema last year, has seen a decline in subscribers and is now offering free cricket as a strategy to boost its user base. Disney is also exploring options such as seeking a joint venture partner or selling its India business.

via Deadline|

#business #cricket #disney