Wednesday, September 23, 2020

Comcast has more Internet than cable TV subscribers

Comcast just announced its second quarter results, and the cable giant now has more Internet service customers than cable TV customers for the first time.

Comcast reported 22.55 million Internet customers, compared to 22.3 million video customers. The cable giant reported losing 69,000 video customers in the quarter. By contrast, Comcast has picked up roughly 180,000 Internet customers.

Of course, the Internet service accounts overlap with the TV accounts because many Comcast customers buy both services in a bundle.

This justifies changing face of media companies across the spectrum.

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