What caused CMCSA's revenue dip in Q2 2024?

The decline in Comcast's revenue in Q2 2024 can be attributed to several factors: 1. **Decrease in Customer Base**: The company experienced a decline of 252,000 in its customer base, resulting in a 1.0% decrease in residential customer revenue. This reduction in customers contributes to the overall revenue dip. 2. **Advertising and Sponsorship Revenue Decline**: Comcast's advertising and sponsorship revenue fell by $43 million, which is a 7% decrease. This decline is due to reduced spending by advertisers and sponsors, which has a direct impact on the company's revenue. 3. **Political Redistricting Impact**: The political redistricting process in several states caused Comcast to lose revenue from political advertising and sponsorship deals. This loss amounted to approximately $10 million. The impact of political redistricting on revenue is expected to be more significant in future quarters as more states complete their redistricting processes. In summary, the revenue dip in Q2 2024 is primarily caused by a decrease in customers, a drop in advertising and sponsorship revenue, and the impact of political redistricting. These factors combined have resulted in a notable decline in Comcast's revenue during the period.