Comcast Is Now an Internet Company, Not a Cable-TV Provider [Bloomberg Business News]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: Bloomberg Business News
By Gerry Smith Updated on Cable giant lost nearly 100,000 video subscribers last quarter Company increasingly relying on internet users to drive sales Even as it vies to acquire Britain’s largest pay-TV broadcaster, Comcast Corp. is relying less and less on video to bolster results in its home country. On Wednesday, the U.S. cable giant reported a 96,000 decline in video subscribers during the first quarter. That was worse than the 60,800 drop analysts were predicting and marked the fourth straight quarter of losses. At the same time, Comcast gained 362,000 broadband customers, a better performance than expected. That helped solidify the Philadelphia company’s new role in the U.S.: an internet provider that also happens to sell TV service. Increasingly, Comcast is treating internet -- the backbone of the streaming revolution -- as the center of
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CMCSA
Earnings
- 4/25/24 - Beat
CMCSA
Sec Filings
- 4/25/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/17/24 - Form 4
- CMCSA's page on the SEC website