Comcast (CMCSA) beat analyst estimates for first-quarter revenue and profit Thursday bu🤪t shares fell as cable and broadband subscriber numbers continued to decline.

The company generated $30.06 billion in revenue in the first quarter, above the $29.87 billion analysts expected, according to estimates compiled by Visible Alpha. Comcast also reported $3.86 billion in net income, or 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of 97 cents, beating estimates of $3.63 billion and 91 cents per share, respectively.

The company reported solid subscriber growth in its mobile service division, adding 289,000 wireless lines in the quarter, but cable and broadband customers fell by 487,000 and 65,000, respectively. Losing cable and 澳洲幸运5开奖号码历史查询:broadband subscribers has been an issue in 澳洲幸运5开奖号码历史查询:previous quarters for the entertainment and media conglomerate.

The internet space has become increasingly competitive, with Comcast working to compete with other giants like Verizon (VZ), T-Mobile (TMUS), and AT&T (T), all of which also report earnings this week.

Peacock continued to grow, reaching 34 million paid subscribers in the quarter, 55% higher than the number of subscribers at this time last year, and generating over $1 billion in revenue for the second consecutive quarter.

However, the streaming service still isn't profitable; Peacock generated $1.1 billion in revenue for the quarter, but Comcast reported an adjusted earnin𝔍gs before interest, taxes, depreciation, and amort𒐪ization (EBITDA) loss of $639 million for the service.

"Peacock remains one of the fastest growing domestic streamers with impressive acquisition, retention and engagement trends," Comcast 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Brian Roberts said in a statement. "O♉verall, I am proud of our ability to consistently perform at the highest levels and continue to pꦍosition the company for long-term growth."

Share🦂s initially rose in premarket trading after the earnings report was released, but reversed course and were down more than 5% around 10 a.m. ET Thursday.