Comcast’s Broadband Subscribers Dip, While Revenue Climbs in Q3
Comcast execs prepare for fiber competition with network upgrades and expansion.
WASHINGTON, Oct. 31, 2024 – Comcast reported a mixed third quarter in its broadband segment, citing challenges from the end of the government’s Affordable Connectivity Program and increased competition.
For the quarter ending Sept. 30, Comcast reported a net loss of 87,000 broadband customers — an improvement from the 120,000 lost in Q2 but much more than the 18,000 decline during the same period last year.
Executives estimated during Thursday’s earnings call that, without the expiration of the ACP in May, Comcast would have recorded a net increase of 9,000 broadband customers.
