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23 minutes ago
- Yahoo
Comcast Awaits NBA Boost as Peackock Losses Hit $10 Billion
A seasonal dearth of live sports content contributed to a mixed bag for Comcast's streaming service, as Peacock subscribers remained flat at 41 million, while losses narrowed to $101 million in the second quarter of 2025. While that marked a not-insignificant improvement compared to the $348 million hit the platform took in the year-ago period, Comcast's latest results pushed Peacock's cumulative losses past the $10 billion DTC service boosted revenue by 18% to $1.2 billion in the April-June period, and Comcast executives on this morning's earnings call said they were confident that NBC Sports' new NBA rights package will drive subscriber growth at the unit. Two weeks ago Peacock upped the monthly fees for both its ad-supported and commercial-free plans by $3 per month.'The impact of this price increase, combined with [our] strong upfront results … helped position us as we launch the NBA,' said Comcast president Mike Cavanagh, who went on to note that the league's return to NBC will trigger 'higher sports programming expenses' in the fourth quarter and beyond. NBC's 11-year pact with the league will cost it $2.45 billion per season, although the company believes that the positive impact on advertising revenue and Peacock sign-ups should go a long way toward diluting those the sleepy sports calendar did its usual job of throttling Peacock's momentum on the customer-acquisition front, the losses at Comcast's legacy cable unit were similarly predictable. The operator ended the quarter with 11.8 million video customers, which marked a sequential loss of 325,000 hook-ups and a year-over-year defection of 1.43 million subs. Over the past 12 months Comcast has lost another 11% of its pay-TV base to the ravages of cord-cutting, a churn rate that was only slightly less vertiginous than the 12% hit the company took in Q2 defections have really piled up in recent years, with Comcast shedding 3.21 million video customers, or 21% of its base, since the analogous period in 2023, while nearly one-third (31%) of its subs have dropped the bundle in the last 36 months. Five years ago at this time, Comcast had 20.4 million video customers; since then, 8.6 million have ditched their traditional cable reported its latest round of cable losses just days after Charter managed to reduce its own quarterly churn rate to -5%. Media revenue rose 2% to $6.44 billion, as Peacock's intake helped offset the impact of a 7% decline on the domestic advertising front. Sales at the stateside media channels were down $143 million from the year-ago period, to $1.85 closed out its 2025-26 upfront cycle with what it characterized as 'record' advanced commitments from advertisers, with the new NBA inventory contributing to a 20% boost in new clients. The media unit saw unprecedented demand in this year's bazaar, as marketers scrambled to stake out a claim in NBC's sports portfolio, which in the next year alone will feature the Super Bowl, the Milano-Cortina Winter Olympics and the FIFA World Cup on the Spanish-language outlet Telemundo. Comcast said Thursday that Peacock sales represented over one-third of the company's upfront dollar in the call, Comcast reiterated that the spinoff of the Versant cable channels should wrap by the end of this year or the start of 2026. The Versant transaction cost the parent company $110 million on the quarter. Meanwhile, executives were characteristically mum on the recent chatter that Comcast is considering the launch of a new cable channel devoted to sports—a development that's begun brewing just four years after NBCSN was shuttered. While the idea is in the larval stage, the upshot is that the new entity would serve as a means for NBCU to simulcast live sports that are otherwise exclusive to the broadband front, Comcast lost 226,000 domestic internet subscribers in the quarter, besting consensus forecasts of -257,000. Overall revenue at the Philadelphia-based media giant increased 2% to $30.3 billion, ahead of forecasts for $29.8 billion, while adjusted earnings per share improved 3% to $1.25, topping projections for $ grew 1% to $10.3 billion. More from Deflated Balls Artist Sues Pelicans Over Instagram Posts Sporticast 471: The NBA's European Expansion Is Starting to Take Shape Adam Silver Meeting With Potential Backers of European League Best of Most Expensive Sports Memorabilia and Collectibles in History The 100 Most Valuable Sports Teams in the World NFL Private Equity Ownership Rules: PE Can Now Own Stakes in Teams Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23 minutes ago
- Yahoo
VINCI - 2025 half-year financial report
Nanterre, 31 July 2025 2025 half-year financial report VINCI announces the publication today of its 2025 half-year financial report as well as its submission to the French financial markets' regulator (Autorité des marchés financiers). The report is available in English and French on the Group's website at under Investors / Financial information / Annual and half-year reports. About VINCI VINCI is a world leader in concessions, energy solutions and construction, employing 285,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI's ambition is to create long-term value for its customers, shareholders, employees, partners and society in general. This press release is an official information document of the VINCI Group. PRESS CONTACTVINCI Press DepartmentTel: +33 (0)1 57 98 62 31072025 - Mise en ligne RFS 2025 VINCI EN
Yahoo
23 minutes ago
- Yahoo
Top analyst warns on MicroStrategy results ahead of earnings
Top analyst warns on MicroStrategy results ahead of earnings originally appeared on TheStreet. Strategy (Nasdaq: MSTR), formerly MicroStrategy, is expected to report its financial results for the second quarter of 2025 after market hours on July 31. Strategy is the largest public corporate holder of Bitcoin. The company's Bitcoin stack of 628,791 coins is currently worth more than $74 billion. The firm's executive chairman and co-founder Michael Saylor urged anyone interested in Strategy or Bitcoin to join the earnings call at 5:00 p.m. EST. Zacks, the investment research firm, said it expected the Bitcoin treasury firm to report $112.15 million in Q2 revenue, hoping for a 0.64% rise year over year (YoY). Zacks expected Strategy's earnings per share (EPS) to record a loss of $0.12 per share. There are several factors, such as the Donald Trump administration's announcement to establish a strategic Bitcoin reserve, more regulatory clarity, Bitcoin's recent rally, and institutional and corporate adoption of the king coin, that go in favor of Strategy, the analysis mentioned. However, it added, "Bitcoin's inherent volatility, along with Strategy's stretched valuation, makes the MSTR stock a risky bet ahead of the second quarter of 2025."Let's look at the company's performance in Q1 2025. Strategy recorded a total revenue of $111.1 million, a decline of 3.6% YoY. In Q1, it reported a gross profit of $77.1 million, operating expenses of $6 billion, and loss from operations of $5.921 billion. As of March 31, it had cash and cash equivalents of $60.3 million. The MSTR stock, which closed at $395.04 on July 30, has grown more than 35% year-to-date (YTD). In contrast, Bitcoin, trading at $118,315.66 at press time, has only grown 25% YTD. Clearly, the leading Bitcoin treasury firm has outpaced Bitcoin itself — at least in YTD timeframe. Top analyst warns on MicroStrategy results ahead of earnings first appeared on TheStreet on Jul 31, 2025 This story was originally reported by TheStreet on Jul 31, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
