Comcast Handily Beats Wall Street’s Q4 Forecasts; ‘Wicked’ Provides Boost, Peacock Trims Losses; Stock Slumps On Broadband Losses – Update

The culprit appeared to be broadband losses.

EBITDA losses came in at $372 million, less than half the level of the year-ago quarter.

Charter Communications last year overtook Comcast as the No.

ComcastMichael Siluk/Education Images/Universal Images Group via Getty Images

1 pay-TV operator in the U.S., though higher-margin businesses like broadband and wireless have become the strategic focus.

That transaction is expected to be completed by the end of the year.