Comcast Sees Higher Than Expected Video Subscriber Losses
by Karl Bode 11:30AM Tuesday Jul 22 2014 Tipped by newview
Comcast released the company's earnings report this morning, and while the company continues to make more than healthy profits (quarterly net income of almost $2 billion on revenues of $16.84 billion), the company's quarter video subscriber losses (144,000) were greater than Wall Street predicted.
Two straight quarters of subscriber growth had led analysts to think that Comcast had reversed the industry trend of cable defections, and the 144,000 reductions is the worst quarterly loss in a year.
That said, historically the second quarter is the weakest quarter for subscriber additions, largely courtesy of college students cancelling temporary subscriptions. The loss is also still an improvement on the second quarter one year ago, when Comcast lost 162,000 video customers. Comcast did manage to add 203,000 broadband subscribers on the quarter.
There is only one way to drop cable TV prices. Stop using it broadcasters will be forced to reduce pricing.
they'll just regain lost revenues with data caps and premium not neutral data lanes - this is why it's critical isp's are changed to title-ii utilities, and not be allowed to self regulate as the fcc would like.
I bet that many people are on a long vacation/ moving from A>B, planning on watching Netflix, amazon, hulu through the summer season, (what used to be the rerun time of year) or spending time outside, and coming back to a discount in the fall. The difference in subs is minut and if it continues they'll make it up on HSI fees
I am confident that there will be a few more areas added to the list of trial areas that have "data thresholds" before the end of the year or after the merger gets approved. How long do these trials usually last, I've had it for 5 years.
Considering how "HARD" Comcast works to "RETAIN" customers -- like the audo recording of a customer attempting dropping service -- those numbers must be wrong. The reason being that they don't let customers drop service LOL.
Comcast provides standard definition unless you pay for HD. The wife and I watched the World Cup over the Internet because the quality was better than the what Comcast charges me to provide. When HD is now the standard Comcast should be providing it for no extra charge. If I'm going to stream any way why should I pay Comcast? -- "Progress isn't made by early risers. It's made by lazy men trying to find easier ways to do something." - Robert A. Heinlein