Comcast's customers are dropping like flies, just like Verizon's

Both broadband and pay TV customers shrank bigly

Apr 24, 2025 - 14:44
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Comcast's customers are dropping like flies, just like Verizon's

It's the time of year when Q1 earnings reports are starting to trickle in, and much like Verizon's recent report that showcased significant subscriber losses, Comcast is also feeling the pinch, with a report detailing customer losses across paid TV and broadband (via Bloomberg). Worse, these losses exceed analysts’ estimates, which means Wall Street is likely none too happy, as the company's revenue is down. Heck, even the theme parks division's earnings fell thanks to California's wildfires. While it's not all bad news, Comcast’s Peacock service saw some growth, it's still not a profitable service after five years. Ouch.