Comcast Reports 711,000 Broadband Subscriber Losses, Trading at 8 Times Earnings
Comcast (CMCSA) lost 711,000 broadband subscribers in 2025, leading to a stock valuation of 8 times forward earnings. The company is offsetting losses with growth in wireless and theme park segments, but its core broadband business faces intense competition from fixed wireless providers like T-Mobile and Verizon. Despite generating $19 billion in free cash flow, the stock's low valuation reflects concerns about the sustainability of its core business.
Topics: competition free cash flow spin-off strategic pivot subscriber loss