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Comcast’s Broadband Struggles Offset Growth in Other Segments
Comcast’s Broadband Struggles Offset Growth in Other Segments
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BTCCSquare news:
Comcast shares have tumbled nearly 25% this year as persistent subscriber losses and pricing pressures in its broadband business overshadow growth in media and theme parks. The connectivity segment's declining profitability raises questions about the company's ability to maintain its dividend-heavy capital return program.
Third-quarter results revealed a tale of two businesses: wireless subscriptions and theme park attendance showed momentum, while broadband ARPU declines accelerated. This divergence creates valuation dissonance—the stock trades at recession-level multiples despite sector-leading free cash FLOW generation.
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