TECH
Another Reminder Cable TV Is Dying: Comcast Lost 477,000 Cable Subscribers Last Quarter
TECH

Another Reminder Cable TV Is Dying: Comcast Lost 477,000 Cable Subscribers Last Quarter

Published: July 30, 2020  |  2 min read, 373 words
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In second-quarter earnings released Thursday morning, Comcast posted revenue of $23.72 billion and 69 cents adjusted earnings per share, both of which beat analyst estimates, The company did, however, see an overall revenue drop of 11.7 percent, and an adjusted net income drop of 12.2 percent.The cable giant also said that it lost 477,000 net losses of pay-TV customers in the second quarter, after losing around 400,000 in the first quarter. The company did gain 323,000 net high-speed Internet customers, which the company called its best second-quarter number on that metric in 13 years.... READ MORE
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