Comcast CorpCMCSA
▼ NegativeDemandrelevance
Broadband subscriber losses of 167,000 and ARPU down 3.8% indicate weakening demand for core product.
Impact on stocks 1
Cloud & Digital Infrastructure
Comcast CorpComcast shares have fallen roughly 30% over the past year to $21.92, about 68% of their 52-week high, even as the company generated $4.6 billion in free cash flow in its most recent quarter. The business returned $2.1 billion to shareholders, including $900 million in buybacks, and free cash flow over the past year ran at about 159% of reported net income. Broadband subscriber losses continued, with 167,000 lost in the quarter and average revenue per user down 3.8%, while wireless added a record 448,000 lines. The stock trades at about seven times trailing earnings and 0.6 times sales, near the low end of its ten-year range, as management works toward a planned separation within about a year and has paused buybacks to strengthen balance sheets.
Comcast CorpBroadband subscriber losses of 167,000 and ARPU down 3.8% indicate weakening demand for core product.