Overall though Comcast’s cable revenue increased 4% to $43.3 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.
Right now Comcast is losing over 2,586 TV subscribers every single day. If this continues Comcast will lose 943,890 subscribers over the next year.
Comcast also saw a jump of 379,000 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 DIRECTV NOW. It will be interesting to see how Comcast moves to address this ever-changing market.
Comcast did see wireless phone customers go up by 204,000 helping offset the loss of cable TV subscribers.
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