Comcast: Tough next few quarters
Comcast is making the right moves in trying to fix their Cable business. These moves will take time to deliver tangible results. For now, we expect some near-term pain. Broadband ARPU growth will remain challenged as the company forgoes price hikes in early 2026. ARPU will also remain pressured due to the continued migration of customers to new pricing. ARPU growth is the biggest driver of EBITDA growth. With ARPU growth remaining challenged, we expect EBITDA declines of mid-single digits over the next three quarters before things start to improve.Comcast is a media and technology company. The company's segments are: Cable Communications, which provides internet, video, voice, and security and automation services in the United States individually and as bundled services at a discounted rate over its cable distribution system to residential and business customers; NBCUniversal, which includes a portfolio of national cable networks that provide a variety of entertainment, news and information, and sports content, regional sports and news networks, international cable networks, and cable television studio production operations; and Sky, which owns a portfolio of pay television channels that provide entertainment, news, sports and movies.
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