Logo

Comcast Internet, Phone Growth Offsets Video Customer Decline

Feb 18, 2009  •  Post A Comment

Comcast, the largest U.S. cable television company, said today that video subscribers declined slightly from a year ago, hinting that satellite companies such as DirecTV and fiber-optic services may be continuing to pull customers from cable providers.
Comcast said its overall revenue rose on a jump in Internet and telephone customers, while sales from its programming operations were little changed.
Comcast’s video subscribers fell 2.3% to 24.2 million. Comcast incurred about 40% of last year’s 575,000-customer decline during the fourth quarter.
Still, the company’s fourth-quarter revenue rose 9.4% to $8.77 billion as the company had 21.4 million phone and Internet customers combined as of the end of last year, up 19% from a year earlier. Comcast’s fourth-quarter earnings fell 32% to $421 million, or 14 cents a share, from $602 million, or 20 cents, a year earlier as the company took a $600 million writedown on its investment in wireless broadband service Clearwire. The company was expected to earn 22 cents a share on $8.64 billion, the average analyst estimate in a Thomson Financial survey.
Comcast’s fourth-quarter revenue from its programming division, which includes E! Entertainment, Style Network and Golf Channel, increased to $350 million from $348 million a year earlier.
Earlier this month, No. 2 U.S. cable company Time Warner Cable said its fourth-quarter video subscribers declined 1.4% from a year earlier to 13.1 million, while its customer base fell by 119,000 during the quarter. Last week, satellite-TV leader DirecTV said its fourth-quarter subscriber base expanded 4.7% to 17.6 million, with a jump of 301,000 customers in the quarter.
Last month, AT&T and Verizon Communications said they added almost 600,000 customers combined for their U-verse and FiOS television services during the fourth quarter.
No. 2 satellite company Dish Network reports earnings early next month.

29 Comments

  1. Good post, thanks

  2. I like this sport. You like it? what you think of it? If you have some time, it may wish to continue your article to share with you the happiness.

  3. I like your website. Very practical and very motivational. Thanks a bunch. This will help me a lot.

  4. Thank you for the great content. I am glad I have taken the time to see this.

  5. Way to focus and straight to your point, i love it. Keep up the work people. Dont let anyone stop us bloggers.

  6. Great blog!! You should start many more. I love all the info provided. I will stay tuned 🙂

  7. I read a similar article on a different website and couldn’t fully see the implications, but your article explains it better. Appreciate it!

  8. I also use wordpress for my website. The best thing is that comments add additional content. By the way, your chosen design suits perfetcly what is site about.

  9. Wow, amazing blog layout! How long have you been blogging for? you make blogging look easy.

  10. Thanks for sharing such useful information.

  11. Greetings. First of all – nice blog! Secondly this article was also good and interesting to read, but I don’t think everything you have said is how it is in reality. I will need to google about few things you have mentioned in your artcile to make sure. But anyway thanks for the great effort and good luck on writing other articles. P.S sorry for bad English, I aren’t English native speaker.

  12. This is the best blog I’ve ever seen in my life! I really appreciate you taking the time out of your busy day to share your this with everyone.

  13. Wow! That was a really great article… Please keep writing because I love your style a lot.

  14. Nice blog subject. thanks for letting me add something!

  15. Thanks much for the great document. I am glad I’ve taken the time to learn this.

  16. I love the expression. Everyone needs to express there own opinion and feel free to hear others. Keep it up 🙂

  17. Great blog!! You should start many more. I love all the info provided. I will stay tuned 🙂

  18. Keep focusing on your blog. I love how we can all express our feelings. This is an extremely nice blog here 🙂

  19. Wonderful website.. Going to take a good amout of time to toy with your article:D

  20. I like this data given and it has given me some sort of commitment to have success for some reason, so thanks.

  21. I love your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz reply back as I’m looking to create my own blog and would like to know wheere u got this from. thanks

  22. Wonderful blog=) Going to need some time to think over the blog!

  23. Amazing article:D Going to need a good amout of time to think over this website.

Leave a Reply to power balance necklace Cancel Reply

Email (will not be published)