Comcast Corp. has forecasted a significant loss of broadband subscribers in the fourth quarter of 2024, expecting to shed over 100,000 subscribers. This projection was shared by Dave Watson, president and CEO of Comcast Cable, at the UBS Global Media and Communications conference. The anticipated decline is attributed to intense competition in the broadband market and the impact of two hurricanes, which are expected to affect around 10,000 subscribers. Following this announcement, Comcast's stock experienced a decline of 8%, while shares of its competitor, Charter Communications, also fell by 6%. The company's outlook has led to a broader impact on telecom stocks, with investors reevaluating their positions in light of these developments.