Advertisement Zero broadband growth a first for Comcast The overall tally of 32,163,000 residential and business Internet customers remained unchanged.Ĭomcast CEO Brian Roberts said the company’s cable division is experiencing “a unique and evolving macroeconomic environment that is temporarily putting pressure on the volume of our new customer connections.” Comcast also lost cable-TV and VoIP phone customers in the quarter but added wireless phone subscribers.Ĭomcast was still able to increase quarterly broadband revenue compared to Q2 2021 by 6.8 percent, to $6.1 billion, due to higher average prices and the fact that Comcast has more customers than it did a year ago despite the drop over the past three months.Ĭomcast’s stock price fell over 9 percent in today’s trading despite increases in the NASDAQ, Dow Jones, and S&P 500 it has dropped over 32 percent in the past 12 months. In Q2 2022 earnings announced today, Comcast said it has 29,826,000 residential broadband customers, a drop of 10,000 since Q1 2022, and 2,337,000 business broadband customers, a gain of 10,000. Enlarge / Comcast CEO Brian Roberts at an event in Beijing on October 17, 2019.Ĭomcast is the largest Internet provider in the US with over 29.8 million residential broadband customers, but the company’s long streak of adding Internet subscribers each quarter is finally over.

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