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{"id":11009,"date":"2022-07-28T14:37:21","date_gmt":"2022-07-28T14:37:21","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/07\/28\/comcasts-broadband-business-stopped-growing-for-the-first-time-ever\/"},"modified":"2022-07-28T14:37:22","modified_gmt":"2022-07-28T14:37:22","slug":"comcasts-broadband-business-stopped-growing-for-the-first-time-ever","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/07\/28\/comcasts-broadband-business-stopped-growing-for-the-first-time-ever\/","title":{"rendered":"Comcast\u2019s broadband business stopped growing for the first time ever"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/7\/28\/23282072\/comcast-broadband-subscriber-flat-first-time-peacock-q2-2022-earnings<\/a>
\n
<\/br><\/code><\/p>\n

\n

Comcast didn\u2019t add any new broadband subscribers between April and June, marking the first time the company has failed to grow its high-speed internet business. Broadband figures stayed flat from Q1 at 32.2 million subscribers, the company announced in its Q2 2022 earnings release<\/a> this morning.<\/p>\n

With just one exception, this is the first time Comcast hasn\u2019t added at least 100,00 new subscribers, according to The Wall Street Journal<\/em><\/a>. That exception came after the 2008 financial crisis and still resulted in 65,000 new subscribers.<\/p>\n

Comcast seems to think the flatline is just temporary. CEO Brian Roberts cites \u201ca unique and evolving macroeconomic environment\u201d as limiting the company\u2019s ability to add new subscribers. The spring quarter also tends to be Comcast\u2019s slowest for new broadband subscribers by a good margin even in previous years, so there\u2019s reason to believe the company could bounce back.<\/p>\n

There were other problems at Comcast this quarter, though. Peacock, its streaming service, also failed to add new paid subscribers, staying flat at 13 million. Comcast tries to brush this off as a content problem, but the problem was that Comcast didn\u2019t put out anything worth watching. The company claims its programming was \u201cextraordinary\u201d during the first quarter… but after that, we have to wait for its big movies and new shows to hit the service later this year. Comcast expects a \u201csignificant\u201d uptick in growth once that happens.<\/p>\n

Disclosure: Comcast is an investor in Vox Media, <\/em>The Verge\u2019s parent company.<\/em><\/p>\n<\/div>\n


<\/br><\/code><\/p>\n

Source: https:\/\/www.theverge.com\/2022\/7\/28\/23282072\/comcast-broadband-subscriber-flat-first-time-peacock-q2-2022-earnings<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: Comcast didn\u2019t add any new broadband subscribers between April and June, marking the first time the company has failed to grow its high-speed internet business. Broadband figures stayed flat from Q1 at 32.2 million subscribers, the company announced in its Q2 2022 earnings release this morning. 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