Comcast Lost 120,000 Broadband Subs in Second Quarter

WASHINGTON, July 23, 2024 – Comcast lost 120,000 broadband subscribers in this year’s second quarter, fewer than analysts expected but greater than the 19,000 lost this time last year. Executives attributed the loss to competition and negative seasonality, adding the company expected to see the bulk of its losses from the shuttered Affordable Connectivity Program next quarter.

The ACP gave 23 million low-income households a $30 discount on their home or mobile broadband service but it ran out of funding on May 31, despite some frenzied efforts on Capitol Hill to provide new money.