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What cord cutting? Pay-TV customers are flocking back to Comcast

Cable and media giant Comcast beat fourth-quarter estimates today with earnings of 95 cents a share on revenue of $21 billion. The Philly company posted an impressive gain of 80,000 new pay-TV customers for the fourth quarter and 161,000 new pay-TV customers for 2016. Comcast chief Brian Roberts called those numbers the best in a … Continue reading “What cord cutting? Pay-TV customers are flocking back to Comcast”

Cable and media giant Comcast beat fourth-quarter estimates today with earnings of 95 cents a share on revenue of $21 billion. The Philly company posted an impressive gain of 80,000 new pay-TV customers for the fourth quarter and 161,000 new pay-TV customers for 2016. Comcast chief Brian Roberts called those numbers the best in a decade. Comcast, like other cable companies, has been struggling to keep people paying for linear TV in the age of streaming and on-demand video. Last year, it lost 36,000 net video subscribers—and even that was considered good. But improvements in customer service and a shiny new X1 platform seem to be helping. 

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Read the full earnings results here.


[Photo: Comcast]

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About the author

Christopher Zara is a senior staff news editor for Fast Company and obsessed with media, technology, business, culture, and theater. Before coming to FastCo News, he was a deputy editor at International Business Times, a theater critic for Newsweek, and managing editor of Show Business magazine

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