What impacted Comcast's Q3 2024 gross profit?

Comcast's Q3 2024 gross profit of $21.85 billion was impacted by several key factors:

1. **Revenue Decline**: Total revenue decreased by 2.7% to $32.07 billion, primarily due to declines in video and voice revenue, which was offset by strong growth in broadband and wireless segments.
2. **Cost of Goods Sold**: The cost of goods sold increased to $10.22 billion, which could indicate higher operational costs or changes in the cost structure of Comcast's services.
3. **Competitive Pressure**: Intense competition in the broadband market led to 120,000 subscriber losses in the second quarter, which likely had a continued impact on gross profit in Q3.
4. **Affordable Connectivity Program (ACP)**: The impact of the ACP, which provides discounted internet services, is expected to affect Comcast's subscriber base and gross profit. Most ACP customers are on a postpaid basis, and Comcast has been proactive in helping them transition to other options.

In summary, Comcast's Q3 2024 gross profit was impacted by a combination of revenue decline, increased cost of goods sold, competitive pressure, and the impact of the ACP.