Maybe it's a good thing that Comcast Corp. didn't reignite its broadband business during the latest quarter.
Maybe it’s a good thing that Comcast Corp. didn’t reignite its broadband business during the latest quarter.
That’s the view of MoffettNathanson analyst Craig Moffett in the wake of Comcast’s CMCSA latest earnings report, which showed a net loss of 26,000 broadband subscribers during the fourth quarter, or a net gain of 4,000 when excluding one-time impacts from Hurricane Ian.
He thinks investors need to come around to this stance so they can stop obsessing over broadband subscriber trends and instead focus on other parts of the business.
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