It Looks Like Cord Cutting Is Taking a Large Bite Out of Comcast




Next week Comcast will officially report their subscriber numbers for the third quarter 2017. Although we are a few days away from the announcement, Comcast is already trying to soften the blow by warning investors of a bad report to come.

The Executive Vice President for Comcast Xfinity Services said that the company expects to report losses of 100,000 to 150,000 video subscribers in the third quarter 2017. That is a massive swing of subscribers because just one year ago in the third quarter of 2016 Comcast added 149,000 video subscribers.

Now the loss in subscribers may not immediately show up in their revenue reports. Comcast’s cable TV business now only accounts for about 30% of the company’s revenues. Increasingly Comcast has been diversifying in an effort to offset the inevitable growth of cord cutting.

Comcast has a plan to offset the losses to cord cutting: launching a live TV streaming service. This new service will let Comcast Internet customers get a TV package streamed to them. Still in beta, the live TV streaming service will reportedly be rolled out to all the markets they offer inside their current footprint.

We will have to wait and see what the official numbers look like, but from what Comcast is already saying these numbers likely took a heavy hit from cord cutting.

Source: Forbes

Please follow us on Facebook and Twitter for more news, tips, and reviews.

Need cord cutting tech support? Join our new Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.