Latest in Cabletv

Image credit:

TV giant Comcast actually has more internet customers now

6 Shares
Share
Tweet
Share
Save

Sponsored Links

Just in case you were wondering why Comcast is suddenly ready with TV service for people who prefer to watch over the internet, the earnings report it released today can show you why. For the first time (albeit by a narrow margin of 22.55 million to 22.3 million), the cable giant has more high speed internet customers than cable TV subscribers. As it usually does in its financial Q2, Comcast lost TV subscribers, but fewer this year (69,000) than last year (144,000), a number it credits to ongoing improvements in customer service. While the shift away from TV is a small one right now, it reminds us of a similar tipping point: when Netflix streaming overtook discs, and never looked back.

CEO Brian Roberts mentioned on the earnings call that Stream is a way to reach younger users -- like those already on its Xfinity on Campus streaming TV setup -- who don't want, and have never had, a cable box. Of course, it's not done with TV, and that's still the main pin in packages that add-on internet, phone, security and even home automation services, but times have changed. In fact, today much of Comcast's financial good news had to do with its film segment and theme parks.

[Image credit: Getty Images]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
6 Shares
Share
Tweet
Share
Save

Popular on Engadget

The best consoles, games and accessories for students

The best consoles, games and accessories for students

View
Volvo's Polestar engineered XC60 is fast, but still reserved

Volvo's Polestar engineered XC60 is fast, but still reserved

View
Netflix thriller 'Clickbait' will explore the dark side of social networks

Netflix thriller 'Clickbait' will explore the dark side of social networks

View
'Dota 2' champions won more money than top Wimbledon players

'Dota 2' champions won more money than top Wimbledon players

View
Razer's largest store yet opens in Las Vegas on September 7th

Razer's largest store yet opens in Las Vegas on September 7th

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr