Comcast profit beats estimates but losses of video and phone customers increase
Comcast is adapting to changes in behaviour as more people drop their cable TV subscriptions in favour of streaming services such as Netflix
25 July 2019 - 16:53
New York/Bengaluru — Comcast's second-quarter profit on Thursday beat Wall Street estimates as it added more high-speed internet customers, but it lost more video and phone customers than expected.
Overall revenue missed analyst estimates. Revenue from NBCUniversal's cable networks, filmed entertainment and theme parks also fell short of expectations in the seasonally weaker quarter...
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