Comcast Adds 6,000 Video Subscribers in Latest Quarter
Posted in: UncategorizedComcast, the cable company awaiting approval to acquire Time Warner Cable, reported fourth-quarter profit that missed analysts’ estimates after signing up fewer TV and internet customers than a year earlier.
The company signed up 6,000 video subscribers, down from the 46,000 added a year earlier. Analysts had estimated the company would add an average of 25,000 video customers.
Comcast signed up 375,000 new broadband customers in the quarter, down 0.8% from the previous year’s gain. The company had expected to add 384,000 internet customers, according to an average of four analysts’ estimates compiled by Bloomberg.
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