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International Business Times
International Business Times
National
Mark Moore

Comcast Stock Plunges After It Reports Losing 139,000 Broadband Customers: 'Disappointing'

Comcast shares tumbled Thursday after the company announced the loss of 139,000 residential broadband subscribers. (Credit: Reuters / MIKE BLAKE)

Comcast shares dropped 12% Thursday morning after the company reported a loss of nearly 140,000 residential broadband customers in the fourth quarter and a stagnating subscriber base for its Peacock streaming service.

While the company announced quarterly results higher than Wall Street estimates, the disappointing news on subscribers sent the stock tumbling.

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