Thread regarding Comcast layoffs

Revenue is basically flat, but let's celebrate. Comcast brought in $29.3 billion, up a whopping 0.5%. Adjusted EBITDA grew 0.8%. With growth like that, we're sure leadership is already preparing another presentation about winning.

Broadband continues its impressive downward journey. Connectivity revenue fell 2.6%, and EBITDA dropped 4.4%. Residential EBITDA was down 5.8%. But don't worry, we're probably just one more reorganization away from fixing everything.

Wireless is growing, especially when you give it away. Comcast added 368,000 wireless lines, but about half of new postpaid phone connections were free. Apparently, getting customers is easier when they don't have to pay. Who knew?

Peacock is finally making money. Revenue jumped 34%, subscribers reached 48 million, and Peacock delivered its second consecutive profitable quarter. Credit where it's due. Now let's see if employees get anything besides another congratulatory email.

Theme parks are struggling too. Revenue declined 4.4%, and EBITDA dropped 17.1%. Orlando and Japan are under pressure. Surely another round of leadership meetings and PowerPoint presentations will turn things around.

Another separation is coming, because why not? Comcast says the next separation is on track for mid-2027. Stock buybacks are paused, but $1.2 billion in dividends still went out this quarter. No layoff plans were disclosed in the presentation, but employees can look forward to more uncertainty while management explains how all this creates shareholder value.