Comcast is set to report third quarter results before the market open Thursday.
Here's what Wall Street expects:
- Earnings: 61 cents per share, according to Refinitiv
- Revenue: $21.80 billion, according to Refinitiv
- High-speed internet customers: 295,000 net adds, according to FactSet consensus estimates
The quarterly report comes just weeks after Comcast won a contested bid for British broadcaster Sky, expanding its reach in traditional media and solidifying a long desired international play. However, the Sky acquisition was finalized this quarter, so won't be reflected in last quarter's report.
The acquisition comes amid consistent quarterly declines in video customers. Last quarter, Comcast posted a net loss of 140,000 video customers. Analysts expect the trend to continue, forecasting a net loss of 153,000 video subscribers for the third quarter, according to FactSet.
The company's NBCUniversal segment, which includes broadcast and cable channels as well as theme parks and film studios, has fared the downturn in traditional media relatively well.
The division has posted consistent revenue figures of roughly $8 billion in recent quarters, with the exception of a particularly strong first quarter report bolstered by coverage of the Super Bowl and the 2018 Winter Olympics.
This is breaking news. Please check back for updates.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.
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