Comcast Corp. reported net income and revenue that came in ahead of analysts’ expectations, despite continued losses of broadband customers amid a broad industry decline. The cable and internet provider reported first-quarter net income of $3.

Comcast reported a larger-than-expected quarterly decline in broadband customers on Thursday, hit by intense competition from wireless carriers bundling mobile services with high-speed internet plans,

Broadband customers decreased by 199,000 in the quarter, higher than the 139,000 losses it reported in the last three months of 2024. FactSet analysts had expected the company to shed 146,100 broadband customers.