Well, it looks like the bad news for cable TV keeps flooding in as once again a major provider is reporting a drop in pay-TV subscribers. This time the drop comes from Comcast who today reported losing 224,000 residential video subscribers in the 2nd quarter 2019 with its Xfinity TV service. This comes as AT&T announced yesterday that it lost 778,000 TV subscribers in the 2nd quarter of 2019. Combined AT&T and Comcast lost just over 1 million TV customers in the 2nd quarter of 2019.
Right now Comcast and AT&T are losing over 11,010 subscribers every single day. If this continues AT&T and Comcast will lose 4 million subscribers over the next year. Even with these losses Comcast saw cable revenue up 3.9% to $14.5 billion.
Comcast also saw a jump of 209,000 high-speed Internet customers. Comcast is facing strong headwinds in their traditional pay-TV market. With a growing field of live TV services including new entries from Hulu, YouTube TV, and DIRECTV NOW. It will be interesting to see how Comcast moves to address this ever-changing market.
Comcast did also add 181,000 wireless phone customers in the 2nd quarter of 2019.
Did you know we have a YouTube Channel? Every week we have a live Cord Cutting Q&A, and weekly Cord Cutting recap shows exclusively on our YouTube Channel!
Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.