What You Need To Know Ahead of Comcast’s Earnings Report Thursday [Video]

Comcast (CMCSA) is set to report first-quarter earnings before the bell Thursday as the conglomerate hopes to continue adding subscribers to services like Peacock, and reverse the downward trend it has seen in its broadband subscriber base in recent years.

Analysts expect Comcast to post an adjusted profit of $3.93 billion, or 98 cents per share, on total revenue of $29.87 billion, all slight increases from the first quarter of 2023, according to consensus estimates compiled by Visible Alpha. A year ago, Comcast made an adjusted profit of $3.88 billion, or 92 cents per share, on $29.69 billion in revenue.

Comcast has a number of revenue-generating subsidiaries, from broadband, cable, and mobile service like Xfinity, to the production and distribution of movies and television through companies like NBCUniversal and DreamWorks Animation, along with several Universal theme parks around the globe.

Recent quarters have shownComcast’s broadband services losing subscribers due to …