Home Cable HD Comcast Xfinity TV Comcast Loses 33k Video Customers, but Gains $350k Internet Subs

Comcast Loses 33k Video Customers, but Gains $350k Internet Subs

comcast-xfinity-logoComcast’s Q4 report shows a loss of 33,000 video subscribers, a clear sign that media consumers are moving towards internet-delivered programming rather than traditional cable and satellite TV platforms. Comcast isn’t alone, as Verizon also reported a loss of approximately 29,000 video subscribers in Q4.

However, the Comcast did gain 350,000 high-speed internet customers during the same quarter, which, although a bit less than reported in Q4 2016, exceeded analyst expectations.

Their film division, NBCUniversal, showed tremendous growth, highlighted by holiday box office earnings of $5B. The company also showed growth in their Xfinity Mobile service, ending 2017 with 380,000 subscribers.

Comcast announced plans to repurchase at least $5 billion in stock, and increase its dividend by 21%

Comcast is one of the largest multi-service providers in the US, with 29.3 million subscribers reported in the company’s latest filing.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

4k TV Deals

Hot Pre-orders!

The Lord of the Rings: The Motion Picture Trilogy 4k Blu-ray
The Hobbit: Motion Picture Trilogy 4k Blu-ray
Game of Thrones: The Complete Series 4k Blu-ray

1-Month Free!

Hot Blu-rays!

New Articles

Blumhouse’s The Craft: Legacy Releases to Digital. Here’s Where To Buy.

The sequel to Blumhouse's The Craft (1996), Blumhouse's The Craft: Legacy (2020) written and directed by Zoe Lister-Jones has been released to digital formats...

Love and Monsters releasing to Blu-ray, 4k Blu-ray & DVD

Paramount Pictures' Love and Monsters (2020) is already available to rent and purchase in digital formats but will also release to disc formats including...

Sony’s PS5 4k Blu-ray Movie Essentials Releasing in December

Sony is releasing a batch of eleven 4k Blu-ray titles under the banner "PS5 4k Movie Essentials" starting on Dec. 1, 2020. The new...

New Movie & TV Releases on Blu-ray, 4k Blu-ray & Digital Oct. 27, 2020

Here are our Top 5 Picks of movie and TV releases for the week of Oct. 27, 2020! Criterion Collection has produced a new 4k...

Support Us!