17 Jun

Why Comcast Is Focusing on Broadband Customers

WRITTEN BY Sneha Nahata

Comcast’s broadband customers 

Cable giant Comcast (CMCSA) has shifted its focus to high-speed Internet, where it is gaining traction amid pay-TV decline. Comcast lost 107,000 residential video customers and 121,000 video customers in Q1 2019.

In the first quarter of 2019, Comcast’s high-speed Internet revenue grew 10.1% YoY (year-over-year), driven by a net addition of 375,000 high-speed internet customers, which comprised 352,000 high-speed residential Internet additions and 23,000 high-speed business Internet additions.

Why Comcast Is Focusing on Broadband Customers

Pay-TV companies losing residential video customers

Companies have been struggling to maintain their US pay-TV subscriber base as they face cord-cutting. In the first quarter, US wireless mobile carriers Verizon and AT&T lost more than analysts expected—AT&T lost 544,000 premium TV subscribers (including DIRECTV and U-verse customers), while Verizon lost 53,000 Fios video customers. Telecom peer Frontier lost 54,000 customers in Q1 2019, cable giant Dish Network lost 259,000 pay-TV subscribers, and Charter lost 145,000 total video customers.

Latest articles

15 Jul

Will Amazon Prime Day 2019 Break 2018's Record?

WRITTEN BY Jitendra Parashar

This year, Amazon extended its Prime Day to 48 hours instead of the 36-hour sale in July 2018, making the 2019 event the longest Prime Day ever.

In a series of tweets on Monday, Trump today weighed in on China’s GDP growth, which came in at a 27-year low.

15 Jul

OrganiGram's Third-Quarter Earnings


On Monday morning, OrganiGram's third-quarter earnings came in as a bit of a let-down. Here's why.

Trump is reportedly planning to increase the content of US-made steel in federal projects, which would be a lifeline for US steel companies.

Huawei is preparing for “extensive layoffs” in the US, which could put the US-China trade deal on the rocks.

With Q2's Netflix earnings just around the corner, here's what you can expect from the online streaming giant and the broader streaming space.