Comcast Falls With Weak Broadband Stoking Fears of Slowdown
- ‘Normalized’ internet subscriber gains reveal worse picture
- Charter also slides, is due to report earnings on Friday
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Comcast Corp.’s latest dip in broadband growth and accelerating TV subscriber losses are fanning investors’ fears that the slowdown in the cable industry isn’t over.
The company added 262,000 internet subscribers in the first quarter, but executives said on an earnings call Thursday that excluding the conversion of customers getting free service during the Covid-19 pandemic, the “normalized” gain was actually about 180,000.