Comcast Stock Falls After Warning on Slowing Subscriber Growth

Cable giant Comcast Corp. said it was experiencing a slowdown in its cable business after surging growth in the early stages of the coronavirus pandemic, a warning that triggered a slide in the company’s stock price.

Comcast Chief Financial Officer Mike Cavanagh said Tuesday that subscriber additions for Comcast’s cable business—which consists of the Xfinity-branded broadband, pay-TV, landline and mobile phone units—slowed at the end of last month, and lags behind the same period in 2019, before the pandemic.

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