Comcast Earnings Up 22 Percent
PrintHave you heard? Comcast is raking in cash like no one’s business. The internet service provider reported today that their net earnings for the third quarter amounted to $944 million. That is a 22% increase year over year. Some of this comes from cost cutting, but Comcast has seen substantial subscriber increases as well.
Comcast saw a 2.7% decrease in the number of TV subscribers, but that was offset by large increases in internet and phone service. Overall internet subscribers grew 6.4% to 15.6 million, while voice accounts grew a staggering 20% to 7.3 million. Overall, Comcast’s customer base grew 3.4% to 46.8 million.
With these strong numbers, Comcast seems more able than ever to proceed with plans to acquire a stake in NBC. No new announcements have been made, but reports suggest that the ISP wants to move into the media space with a controlling interest in GE-owned NBC-Universal.
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DasHellMutt
November 09, 2009 at 9:31am
Great so they're raking in profits hand over fist while my last bill included yet another announcement that they are raising rates. Whats up with that? Can't wait to move out of an appartment and get back to satelite. Comcast is a scam. Too bad I'll still have to keep them for internet service but its the only thing they offer that still has a somewhat reasonable price tag.
joek666
November 05, 2009 at 10:01am
I'm about to cancel Comcast. I pay for more than they deliver - ever!
Biceps
November 04, 2009 at 4:59pm
So their earnings are up 22% but they are having such a tough time they need to cap our net? They need to introduce tiered 'pay-as-you-go' bandwidth pricing? Please. Comcast is a travesty.
nekollx
November 04, 2009 at 5:11pm
this is great new, now they have the butdet to improve their infastructure...or...you know...get a Forenzi.
Either's good.
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