Comcast revenue up due to high-speed internet customers
The company’s increase in streaming customers more than offsets its decrease in cable subscribers
24 October 2019 - 16:46
New York/Bengaluru — Comcast beat Wall Street profit and revenue estimates on Thursday, as the company added high-speed internet customers and lost more video subscribers than expected.
Comcast’s third quarter showed that its focus on the higher-margin broadband business — necessary to stream content — is helping offset a decline in cable subscribers...
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