Overall though Comcast’s revenue increased 2% to $28.4 billion compared to 2018. Comcast says this growth came from high-speed internet, business services, wireless and other revenue. Comcast did see advertising, video, and voice revenue fall in the 3rd quarter of 2019.
Comcast also saw a jump of 442,000 high-speed Internet customers. Comcast is facing strong headwinds in its traditional pay-TV market. With a growing field of live TV services including new entries from Hulu, YouTube TV, and Sling. It will be interesting to see how Comcast moves to address this ever-changing market.
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