Worried couple reading a letter sitting on a couch in the living room at home

Comcast Lost 134,000 Pay TV Subscribers in 3rd Quarter 2017


Worried couple reading a letter sitting on a couch in the living room at homeWell, it looks like the bad news for cable TV keeps flooding in as once again a major provider is reporting a drop in pay TV subscribers. This time the drop comes from Comcast who today reported losing 134,000 residential video subscribers in the 3rd quarter 2017.

The bad news does not stop there as NBCUniversal also saw a 12.7% drop in revenue. That lead a total drop in revenue of 1.6% across the board to $20.98 billion. Yet it is not all bad news as Comcast saw strong growth in their theme park wing and they had a huge hit with Despicable Me 3 content licensing.

Comcast also saw a jump of 214,000 high-speed Internet customers helped drive a 5.1% gain in revenue to $13.2 billion. As Comcast subscriber base continues to slowly move to internet only subscribers.

Comcast is facing strong headwinds in their traditional pay TV market. With a growing field of live TV services including new entries from Hulu, YouTube TV, and DIRECTV NOW. To address this growing market shift Comcast is also launching their own live TV streaming service called Instant TV. Currently only available in select markets Comcast says they are working hard to roll out to all of their internet-only subscribers soon.

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  • David Batten

    If Comcast continues to charge $80 in fees for a $115 bill. Those numbers will only be a drop in the bucket of what is to come as people wake up to the rip offs.

  • CT

    I’m not advocating for Comcast but this article is an incomplete summary of the Q3 report. This article does a good job of breaking down the q3 situation. http://deadline.com/2017/10/comcast-q3-profit-jumps-on-broadband-1202195078-1202195078/

    If this site wants to be taken seriously you’ve got to provide more context and not just pick and choose certain sentences from other better-written articles and paste it here as your own. Also, please cite your sources!!! That’s writing 101!

  • Rick Barnett

    When you talk about them losing subscribers, are you accounting for normal churn?

  • REP

    Good to see Comcast dropping TV customers like flies. When 5G wireless come out, i hope it will kill off their internet business. I think they been monopolizing for too long.

  • JGaLaXY

    mom had comcast for 15 years, bill got to like 240 or something, asked and called 3 times if anyone could do anything for her. They said No, she switched to Fios for way cheaper. Next step will be cord cutting.

    • Sunflower

      Christmas is coming. Get her a nice big antenna for OTA and a magnavox dvr.

  • Vegas Steve

    With the bills they send out, it’s surprising they have anyone left. There will be a day not too far off that cable TV will no longer be ‘TV’, they will just be ISP’s. Of course, they will up the price to cover their ‘losses’ (i.e., screw the customer), until that model breaks and they go the way of the dinosaur.