Universal City Exteriors And Landmarks - 2023

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Comcast tops Q1 earnings — but broadband losses have Wall Street changing the channel

Turns out folks are still cutting the cord.

4/24/25 10:28AM

Comcast shares sank more than 6% right after the media giant reported that it lost another 427,000 cable customers in Q1 as cord-cutting keeps gaining steam. On paper, the quarter was strong: earnings per share landed at $1.09, topping the $0.98 analysts were looking for. Revenue also came in just ahead of forecasts at $29.89 billion. Still, net income slipped 12.5% to $3.38 billion.

While overall broadband revenue edged higher, Comcast continues to face heat from 5G and wireless internet competitors luring customers away from traditional cable. Theme parks also dragged, with NBCUniversal’s parks division down 5% as LA wildfires kept some guests at home.

On the bright side, Peacock gave the company something to strut about. The streamer’s revenue jumped 16%, helping Comcast’s adjusted EBITDA climb 21% to $1 billion. Peacock also trimmed its losses to $215 million — less than half of the $639 million it lost a year ago.

Looking ahead, all eyes are on the launch of Universal Epic Universe, Comcast’s biggest theme park investment in 25 years, which is set to open next month in Florida.

Comcast shares are down about 12% year to date.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

Comcast tops Q1 earnings — but broadband losses have Wall Street changing the channel

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SpaceX gets a wave of bullish ratings from Wall Street analysts

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