Communications Services Cos Down as Comcast Slides -- Communications Services Roundup

Dow Jones

Jan 31, 2025

Communications services companies fell after weak earnings from one cable giant.

Comcast shares slid as investors appeared to zero in on a bigger-than-expected drop in broadband customers, rather than the cable and entertainment company's fourth-quarter earnings beat.

Amazon is ramping up ad spending on Elon Musk's X, according to people familiar with the situation, a major shift after pulling much of its advertising more than a year ago, when many brands had concerns about hate speech on the platform.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

January 30, 2025 18:19 ET (23:19 GMT)

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