Comcast Shares Slide as Broadband Subscriber Losses Continue
Update: 2025-10-30
Description
Comcast's broadband subscriber losses continue, with a net loss of 104,000 in Q3, but slightly better than expected. The company's connectivity division saw a drop in revenue and profit due to increased competition from streaming services and other internet providers. Comcast introduced cheaper internet plans and promoted their mobile service, adding 414,000 new mobile lines. The company also announced a leadership shakeup, with Steve Croney taking over as head of the connectivity and platforms unit. Despite the challenges, Comcast's media unit and theme parks performed well, with Peacock streaming service reaching 41 million subscribers and theme parks seeing a 19% revenue boost from the new Epic Universe in Orlando.
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