Comcast CMCSA -3.39% Plunges on Broadband Subscriber Loss

Comcast's stock price dropped by 3.39% in pre-market trading on April 24, 2025, reflecting investor concerns and market dynamics.

Comcast reported its Q1 2025 earnings, with revenue coming in at $29.887 billion, slightly above market expectations of $29.76 billion but down from $30.058 billion in the same period last year. The company's broadband segment saw a significant loss of 199,000 domestic subscribers, exceeding the expected decline of 144,173 and marking a steeper drop compared to the previous year's loss of 65,000 subscribers. This subscriber loss in the broadband segment is a key factor contributing to the stock's decline, as it indicates potential challenges in maintaining customer base and market share.