Comcast Corp. reported fourth quarter earnings that surpassed analysts’ expectations. The telecom company also hiked its dividend for a fifteenth consecutive year. Comcast’s adjusted profits for the three months ending in December came in at 82 cents per share, beating the Street consensus forecast by 5 cents. Revenues rose +0.6% year-over-year to $30.522 billion, also topping analysts'...

AT&T Inc. reported fourth quarter earnings that exceeded analysts’ expectations. Adjusted earnings for the three months ending in December rose +9% from the year-ago quarter to 61 cents per share, beating the Street consensus forecast of 57 cents per share. Revenues climbed +0.65% from last year to $31.3 billion, in line with the Street forecasts. The company’s standalone mobility revenues...

Verizon Communications reported fourth quarter revenues that surpassed analysts’ expectations, while also posting better-than-expected new wireless subscribers. Verizon’s adjusted non-GAAP earnings for the three months ending in December came in at $1.19 per share, slipping -9.2% from the same period last year but in line with Street consensus forecast. Revenues climbed +3.5% year-over-year...

Comcast customers were hacked, as reported by the BleepingComputer. "Starting on December 19th, many Xfinity email users began receiving notifications that their account information had been changed. However, when attempting to access the accounts, they could not log in as the passwords had been changed," the website mentioned. "After regaining access to the accounts, they discovered they had...

T-Mobile US posted third-quarter earnings and revenue – both of which fell short of analysts' forecast. The wireless carrier’s earnings came in at 40 cents per share for the quarter , below the 50 cents a share expected by analysts polled by Investing.com. Revenue was $20 billion, v. analysts’ estimates of $19.36 billion. For the full-year T-Mobil US now expects adjusted earnings before...

Comcast third quarter earnings topped analysts’ expectations, while the company added a few thousand net new internet subscribers. The telecom company’s adjusted earnings came in at 96 cents, beating the 90 cents expected by analysts polled by FactSet. The figure is also higher than the year-ago quarter’s 87 cents a year. Overall net loss for the third quarter was -$4.6 billion, or -$1.05 a...

Verizon posted adjusted earnings fell to $1.32 a share, from $1.42 a share a year ago. Nevertheless, the figure is well above the FactSet consensus of $1.29 a share. Revenue for the quarter came in at $34.2 billion, compared to $32.9 billion in the year-ago quarter. Analysts had expected $33.8 billion. The telecom company experienced a net loss of 189,000 consumer wireless retail postpaid...

Verizon reported 12,000 net phone subscribers addition (who pay a monthly bill) in the quarter ended June 30, weaker than expectation of 150,800 additions (FactSet estimates). Chief Executive Hans Vestberg indicated during the earnings call (according to a transcript from Sentieo ) that inflation dampened customer additions at a time when the carrier is facing intense competition in the U.S...

Softbank Group Corp reported a net loss of -1.7 trillion yen (-$13.12 billion) for the year ended in March, compared to the record 4.99 trillion yen profit a year earlier. A year ago, the company got a boost from the listing of South Korean ecommerce firm Coupang, when SoftBank's earnings exceeded that of several global major companies such as Berkshire Hathaway. SoftBank's Vision Fund...

Deutsche Telekom AG posted its first quarter earnings that surpassed analysts' expectations. Revenue, too, beat expectations. The German telecommunications company’s earnings came in at €0.45 a share, well above the €0.2911 a share expected by analysts polled by Investing.com. Revenue rose +6.2% from the year-ago quarter to €28.02 billion, also exceeding analysts’ expectations of €27.97...

T-Mobile US reported first quarter earnings that surpassed expectations. The wireless solutions company also raised its forecast for net additions over the full year. The company’s diluted earnings for the three months ending in March fell -23% from the year-ago quarter to 57 cents per share, but well ahead of the Street consensus forecast of 33 cents per share. Revenues rose +1.8% to $20.12...

Verizon Communications posted first quarter earnings that beat expectations. However, the telecom company lowered its full-year forecast for wireless revenues and profit growth. The company’s adjusted non-GAAP earnings for the three months ending in March grew +3% from the year-ago quarter to $1.35 per share, largely in-line with analysts’ expectations. Revenues rose +2.1% from last year to...

Comcast posted its fourth quarter earnings that surpassed analysts’ expectations, even as it missed estimates on high-speed internet additions. The telecom giant’s adjusted earnings came in at 77 cents, topping the 73 cents expected by analysts polled by Refinitiv. Revenue of $30.34 billion also exceeded the $29.61 billion estimated. The company’s net additions of high-speed internet...

AT&T shares fell to the lowest level in more than a decade, amid the company’s shift in focus from media assets to telecoms and lower payout ratios ahead of its third quarter earnings. AT&T has sold key media assets, including DirecTV, and planned the $43 billion merger of its media division with Discovery. It is focusing on becoming a purely telecoms group. The company announced this spring...

The telecom giant also  reported a record-high figure for new broadband subscribers for the quarter.

The company’s adjusted earnings for the quarter came in at 84 cents, compared to the  67 cents expected by analysts polled by Refinitiv.

Revenue of $28.55 billion also beat the  $27.18 billion expected by analysts per the Refinitiv survey.

Comcast garnered 354,000 net new high-speed internet customers, vs. 270,000 net adds expected in a StreetAccount survey.The net adds were its highest ever for a second-quarter performance, according to the company.

Revenue from Comcast’s cable revenue business rose +10.9% year-over-year to $16 billion.

Media business increased +25.7% to $5.1 billion.

Globalstar  shares climbed Monday,  following B. Riley’s  coverage of the mobile satellite services company.

B.B. Riley analyst Mike Crawford mentioned that the company and its sponsors, “after years of development, support, and patience, are at long last starting to realize a return on satellite system and spectrum assets.”

That, according to Crawford, makes 2021 an “excellent” time to buy the company’s shares before the market incorporates this change.

Hodulik also hiked the price target to $35 from $32.

According to the analyst, AT&T’s decision to  spin-off  its streaming business with Discovery Communications could simplify the structure for AT&T. “We see a favorable risk-reward at the current valuation given a more simplified set of connectivity-based assets, lower dividend payout, better visibility into EBITDA growth and lower leverage,” Hodulik said.

Hodulik said that a goal of free cash flow of $20 billion is achievable by 2023.The deal structure could lead to $7 to $8 per share in a one-time tax-free payment via shares of DiscoveryWarner, which represents four to five years of lump-sum dividend payment, Hodulik said.

 

The remaining AT&T assets will intend to give shareholders a dividend payout ratio of between 40% and 43%, based on expected free cash flow of around $20 billion.

AT&T Inc. agreed to spin off its media operations in a deal with Discovery Inc. that will create a new company, merging assets such as CNN and HBO with HGTV and the Food Network.The transaction values the combined entity at about $130 billion including debt, based on WarnerMedia’s estimated enterprise value of more than $90 billion.

As part of the 'Reverse Morris Trust' agreement structure, AT&T shareholders will own 71% of the combined entity, which will likely generate $52 billion in 2023 revenues and a combined subscriber base of nearly 150 million.

 

AT&T is planning to spin off its media business and merge it with Discovery Inc. , according to people familiar with the matter, Bloomberg reported.

A deal could be announced as soon as this week, according to the people, who asked not to be identified (Bloomberg report).The merger could potentially be a competitor to entertainment giants Netflix Inc. and Walt Disney Co. 

AT&T acquired some of the biggest brands in entertainment through its acquisition of Time Warner Inc., which was completed in 2018.

Discovery meanwhile is available in 220 countries and territories, and owns brands like Food Network Kitchen, MotorTrend OnDemand, Group Nine Media, Discovery Channel, Travel Channel, MotorTrend, Science Channel and the Oprah Winfrey Network.

 

AT&T Inc.  reported third quarter revenues that beat analysts’ expecttions, on strong additions to its media and wireless networks.   The telecom & media giant’s adjusted earnings for the three months ending in September came in at 76 cents per share, quite in-line with Street forecasts . The company estimated a -21 cents per share earnings hit linked to the coronavirus pandemic.  Revenues fell -5.2%year-over-year  to $42.3 billion, but surpassed analysts' expectations of $41.6 billion. According to AT&T, subscribers to its HBO Max streaming service hit 38 million in the U.S. last quarter, pushing  it ahead of its 2020 target.