Comcast lost 144,000 broadband subs in Q3 2026

TL;DR: Comcast lost 144,000 residential broadband subscribers in Q3 2026, ending the quarter with 28.34 million broadband customers. The company said its restructuring will lead to a charge of more than $1 billion in Q4, while mobile lines rose by 368,000 to 10.55 million.

Comcast lost 144,000 residential broadband subscribers in Q3 2026, compared with a loss of 91,000 in the same quarter a year earlier, bringing its total broadband base to 28.34 million. Comcast said competition from fixed wireless access and aggressive fiber pricing contributed to the decline, and 45% of its broadband customers now take speeds of 1 Gbit/s or more.

Comcast said its operating and cost transformation initiative will result in a Q4 2026 charge of more than $1 billion. CFO Jason Armstrong said the restructuring includes eliminating layers in the organization, and Bloomberg reported that Comcast is planning significant job cuts in the coming weeks. Comcast ended 2025 with 179,000 employees.

Comcast added 368,000 mobile lines in Q3 2026, ending the quarter with 10.55 million lines. The company said about 50% of postpaid connects in the quarter were free lines, about 70% of those free lines convert to paid, and 40% of mobile connects are on its Premium Unlimited plan.

Comcast reported Q3 2026 consolidated revenue of $29.3 billion, down 1.5% year over year. Connectivity and Platforms revenue fell 2.7% to $19.66 billion, domestic broadband revenue fell 4.7% to $6.55 billion, domestic wireless revenue rose 14.7% to $1.05 billion, video revenue fell 8.7% to $5.91 billion, and business services revenue rose 2.7% to $2.64 billion.