Wall Street Journal

Comcast Stock Slides as Broadband Subscriber Growth Slows

Comcast Chief Financial Officer Mike Cavanagh reported that subscriber additions for Comcast’s cable business—which consists of the Xfinity-branded broadband, pay-TV, landline and mobile phone units—slowed at the end of August 2021, and lags behind the same period in 2019 before the pandemic. Cable peers, such as Charter Communications, Altice USA and Cable One, also experienced stock share-price selloffs. During the height of stay-at-home pandemic orders at the beginning of 2020, companies such as Comcast and Charter added record numbers of broadband customers as people