S&P Predicts Comcast Revenue, Broadband Subs Down This Year

Comcast revenue will likely decline 0.8% this year before rebounding 3.2% in 2024, due to a weak global economy, increased competition from fixed wireless access and fiber, and sped-up pressure on its media business, S&P Global said Monday. It said it's predicting U.S. broadband subscribers declining by 60,000 this year and 30,000 in 2024, with domestic video subscriber numbers dropping 12% this year and 11% in 2024. Comcast didn't comment.