Comcast stock drops after company reports surprise loss in broadband subscribers

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Comcast reported a surprise loss of broadband subscribers in the third quarter — despite reporting a beat on both the top and bottom lines. The report sent...

) shares fell as much as 8% on Thursday, the biggest intraday decline since July 2022, after the company reported a surprise loss of broadband subscribers in the third quarter — despite reporting a beat on both the top and bottom lines.

"During the quarter, we recalibrated by pulling back on some of our promotional offers targeting this segment to remain consistent with our strategy of competing aggressively but in a financially disciplined way," Armstrong said on the earnings call.

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