Comcast struggles amid subscriber decline

about 2 months ago

"Comcast pretty bad day. It actually was up initially after earnings result, but it lost 100,000 subscribers. This is the 10th quarter when they see a loss in subscribers. It was actually less than one what analysts expected. The revenue also beat estimates. But that said, it's just been a business that's been struggling for a very long time. Down 30% year to date, and it's just pretty much a story of losing competition to streaming and internet providers."

Comcast (CMCSA) continues to struggle as it lost 100,000 subscribers for the 10th consecutive quarter despite revenue beating estimates. Persistent subscriber losses, in the face of mounting streaming and internet competition, have contributed to a 30% decline year-to-date.

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