Comcast’s broadband business stopped growing for the first time ever
by Jacob Kastrenakes from The Verge - All Posts on (#61X2Z)
Illustration by Alex Castro / The Verge Comcast didn't add any new broadband subscribers between April and June, marking the first time the company has failed to grow its high-speed internet business. Broadband figures stayed flat from Q1 at 32.2 million subscribers, the company announced in its Q2 2022 earnings release this morning.
With just one exception, this is the first time Comcast hasn't added at least 100,00 new subscribers, according to The Wall Street Journal. That exception came after the 2008 financial crisis and still resulted in 65,000 new subscribers.
Comcast seems to think the flatline is just temporary. CEO Brian Roberts cites a unique and evolving macroeconomic environment" as limiting the company's ability to add new subscribers. The spring quarter also...