01:10 PM EDT, 10/30/2025 (MT Newswires) -- Comcast ( CMCSA ) continued to lose broadband subscribers in the third quarter amid competitive pressures, while increased advertising demand at Fox (FOX, FOXA) helped propel its fiscal first-quarter results above Wall Street's estimates.

Comcast's ( CMCSA ) domestic broadband customers fell by 104,000 in the third quarter, led by a steep decline in residential users year over year. The company lost a total of 226,000 domestic subscribers in the second quarter and 87,000 users a year earlier.

The broadband industry is expected to remain "intensely competitive," President Michael Cavanagh told analysts on an earnings conference call, according to a FactSet transcript. In September, the media and connectivity giant said Cavanagh will become co-chief executive, starting next year, sharing the title with Brian Roberts.

Amid rising broadband competition, Comcast ( CMCSA ) has "made a significant pivot in our go-to-market strategy this year, focused on simplifying pricing, improving transparency and enhancing the customer experience," Chief Financial Officer Jason Armstrong told analysts.

"This pivot carries several costs, including rate reinvestment through pricing simplicity, which carries revenue dilution, as well as investment in customer experience, which carries additional operating costs," he said.

Comcast's ( CMCSA ) shares were down 2.1% in Thursday afternoon trade.

The company still beat on top- and bottom-lines for the September quarter.

Revenue fell 2.7% year over year to $31.2 billion, ahead of the FactSet-polled consensus of $30.7 billion. Adjusted earnings per share were flat at $1.12, above the Street's $1.10 estimate. Domestic wireless line net additions totaled 414,000, the best quarterly result on record, Comcast ( CMCSA ) said.

Fox's adjusted EPS rose to $1.51 for the fiscal first quarter ended Sept. 30 from $1.45 a year earlier, surpassing the $1.11 consensus estimate. Revenue grew 5% to $3.74 billion, also ahead of the Street's $3.57 billion views.

"Coming off a record fiscal 2025, our strong operating momentum has carried through the first quarter of fiscal 2026," Fox CEO Lachlan Murdoch said in a statement. "We are delivering for audiences with continued engagement growth across the portfolio which underpins the robust advertising demand we are seeing across sports, news, entertainment and Tubi."

Advertising revenue rose 6% to $1.41 billion, led by the company's Tubi ad-supported streaming service and higher sports ratings, according to Fox. Distribution sales improved 3% to $1.92 billion, reflecting gains in both the cable network programming and television segments.

Fox's class A shares were trading 7.6% higher in Thursday trade, while its class B shares rose 8.9%.

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