Headline: Comcast forecasts a loss of over 100,000 broadband subscribers in Q4 2024, citing intensified competition and the impact of recent hurricanes in Florida.
Article: Comcast expects to lose more than 100,000 broadband subscribers in the fourth quarter of 2024, surpassing Wall Street’s estimate of 64,400. Approximately 10,000 of these losses are attributed to Hurricanes Milton and Helene. The company faces stiff competition from wireless providers offering competitive pricing, impacting its subscriber base.
Date: December 9, 2024
Read more here: Reuters
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