FILE PHOTO: Small toy figures with laptops and smartphones are seen in front of displayed Comcast logo, in this illustration taken December 5, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
NEW YORK (Reuters) -Comcast forecast higher broadband losses after the number of customers unexpectedly declined in the third quarter amid tough competition, overshadowing the strong performance of its streaming and parks businesses.
The media giant lost 18,000 broadband customers in the quarter, against estimates for a gain of 3,600 customers, according to FactSet. The company has faced pressure from wireless carriers such as Verizon and T-Mobile, which offer broadband services that target lower-income customers.
