Comcast (CMCSA) and T-Mobile (TMUS) posted second-quarter results on Thursday, with the two telecom giants moving in opposite directions in premarket trading. Comcast beat on both earnings and revenue, pushing its stock up about 3.3% to $24.29, while T-Mobile’s modest revenue miss sent shares down 4.2% to $183, despite a strong earnings beat.
Comcast reported adjusted EPS of $1.04, topping the $0.96 analyst estimate, while revenue of $29.94 billion exceeded the $29.25 billion consensus. The company added a record 448,000 wireless customer lines, bringing its total to 10.2 million, though residential broadband losses continued, with 167,000 customers leaving. Peacock, the streaming service, achieved its first quarterly profit with EBITDA of $189 million.
T-Mobile’s revenue came in at $22.8 billion, just shy of the expected $22.9 billion, overshadowing an EPS beat of $2.99 versus the $2.54 estimate. The carrier added 277,000 postpaid subscribers, slightly above forecasts, and raised its full-year free cash flow guidance to $18.4–$18.8 billion.
The mixed results from these major U.S. carriers underscore ongoing consumer broadband challenges and wireless competition. For the crypto market, the reports are neutral, offering no direct catalyst but potentially influencing sentiment in risk assets ahead of further earnings from Verizon and macroeconomic updates.
