Comcast has seen its shares drop as its number of broadband customers has declined for the 10th straight quarter, writes Kelcee Griffis for Bloomberg.
In this past quarter, the Philadelphia-based cable and media conglomerate reported a loss of 140,000 broadband subscribers. While a significant number, it is much fewer than the 140,000 predicted by analysts.
As a result, Comcast’s revenue declined 1.4 percent, while adjusted earnings before taxes, interest, depreciation, and amortization fell by 3.7 percent.
“The broadband environment remains intensely competitive, which we do not expect to change anytime soon,” co-Chief Executive Officer Mike Cavanagh said on a recent call with investors.
Comcast’s overall shares are down about 24 percent this year.
The company has seen its internet and cable-TV businesses undergo immense pressure from changing consumer preferences. This is especially prevalent given that many customers are favoring streaming services and opting for fiber and 5G home internet plans offered by competitors, namely Verizon, T-Mobile, and AT&T.
To help address this, Comcast introduced a new internet pricing program, which includes a five-year price guarantee.
Cavanagh, however, said that the company’s decline in shares and profits is expected to build “build slightly over the next several quarters as we continue to invest in pricing, product and customer experience.”
Read more about Comcast’s share and broadband customer decline at Bloomberg.
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Editor’s Note: This post was originally published on PHILADELPHIA Today in November 2025.
