Cable TV company Comcast, in its third quarter earnings report, showed no signs of paying for the success that its big telco competitors experienced during the quarter. The largest cable player posted a 38 percent jump in profit to $771 million, from $560 million for the same period last year. Comcast also added 483,000 digital telephony customers.
Although it got fewer phone subscriber additions than the third quarter last year and other previous quarters, it seems clear that Comcast is benefiting from some of the consistent and severe landline loss that traditional telcos continue to experience. Comcast also said that as many as two-thirds of the 382,000 broadband customers it added during the third quarter had defected from telco DSL.
Comcast reported a 10 percent spike in revenue to $8.55 billion, though this figure was helped by higher service fees. Comcast lost 147,000 basic cable subscribers in the quarter, but gained 417,000 digital video customers.
- The Associated Press reports
Comcast added 555,000 voice customers in the second quarter
Comcast added 639,000 voice customers in the first quarter