Comcast drops 7% on persistent broadband losses and ’irrational’ fiber pricing

Comcast (CMCSA) stock fell 3.16% on September 17, 2026, due to concerns about broadband competition and subscriber losses. The company's CFO warned of no improvement in broadband subscribers this quarter, leading to analyst price target cuts. CMCSA reported quarterly revenue of $29.9B, EBITDA of $9.35B, and free cash flow of $4.6B, maintaining a 5% dividend yield. Analysts like UBS and BNP Paribas have reduced their price targets, citing broadband losses and strategic uncertainty.

Comcast Corp. (CMCSA) stock dropped 6.3% after CFO Jason Armstrong reported no improvement in broadband user losses in Q3, citing aggressive pricing from competitors. Charter Communications (CHTR) also fell 7.8%. Armstrong noted that low pricing is unsustainable for long-term investment. Despite Q3 EBITDA growth, Comcast faces challenges in cable and internet sign-ups, and its theme parks are seeing a slowdown due to macroeconomic factors. CMCSA stock is down 17% year-to-date.

Wells Fargo analyst Steven Cahall predicts SpaceX's wireless push will pressure telcos like AT&T, Verizon, and T-Mobile, while tower REITs and cable operators may benefit. SpaceX's Q2 revenue grew 66% YoY to $4.29B, and it gained 65MHz of EchoStar's spectrum. Tower REITs like American Tower, Crown Castle, and SBA Communications could see steady income, while Charter and Comcast may profit from Wi-Fi offload.

Comcast (CMCSA) shares fell 6.6% after its CFO warned of persistent broadband subscriber losses due to aggressive pricing by rivals. The company reported a net loss of 167,000 broadband subscribers in Q2, with analysts expecting further declines. Competitors like Charter (CHTR) and Verizon (VZ) are offering lower-priced gigabit plans, intensifying the market competition.

Comcast (CMCSA) shares fell 7% on Wednesday after its CFO noted subscriber losses in broadband and softness in Universal Studios. The company plans to spin off NBCUniversal next year, which recently turned its Peacock streaming service profitable.

Comcast Corp. (CMCSA) shares dropped 6.3% after CFO Jason Armstrong said broadband subscriber losses persist due to rival discounts. He called competitors' pricing 'unviable' for long-term investment. Charter Communications (CHTR) also fell 7.8%. Comcast expects minor full-year broadband gains and modest Q3 EBITDA growth, despite theme park slowdowns.