Comcast Officially Has More Broadband Than Cable TV Subscribers The latest Comcast earnings report indicates that broadband growth is slowing and cord cutting remains a thorn in the cable and broadband giant's side. Comcast gained 180,000 broadband subscribers in the quarter, compared to 203,000 during the same period last year. But the company also lost 69,000 basic video subscribers, which is notably less than the 144,000 lost this time last year, but the continuing of a troubling trend for the company.

The loss of pay TV users due to high prices and Internet video competition is something Comcast tends to insist doesn't exist or is over-hyped. That the losses weren't as high as many expected will likely fuel this perception among executives. With this latest drop in video users, Comcast has lost roughly 3 million video subscribers in the last seven years. None of this is to say Comcast is hurting for cash. Thanks in large part to NBC Universal hits like Jurassic World and Furious 7, the cable giant posted a net income of $2.18 billion on total revenue of $18.74 billion. Revenues were helped in part by the fact the average Comcast consumer bill rose 4.5 percent on the quarter to $143.48. One last notable metric: with the addition of 180,000 broadband subscribers, Comcast now formally has more broadband users (22.5 million) than video customers (22.3 million) as of this latest earnings report. One last notable metric: with the addition of 180,000 broadband subscribers, Comcast now formally has more broadband users (22.5 million) than video customers (22.3 million) as of this latest earnings report.







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AnonPerson

join:2000-08-26

Lexington, KY 6 recommendations AnonPerson Member The only shocker for me is that it took this long. I stopped paying to watch commercials back in 2008. I'm kind of surprised so many people kept at it for this long.