Have 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.
Links:
[1] http://www.maximumpc.com/user/ryan_whitwam
[2] http://news.cnet.com/8301-1023_3-10390496-93.html
[3] http://www.maximumpc.com/article/news/comcast_announces_50mbps10mbps_premium_service_140month
[4] http://www.maximumpc.com/article/news/comcast_insists_its_here_stay
[5] http://www.maximumpc.com/article/news/comcast_sues_fcc_over_network_neutrality
[6] http://www.maximumpc.com/tags/comcast_0
[7] http://www.maximumpc.com/tags/earnings
[8] http://www.maximumpc.com/tags/internet_service_provider
[9] http://www.maximumpc.com/tags/isp
[10] http://www.maximumpc.com/tags/profits
[11] http://www.maximumpc.com/articles/news
[12] http://www.maximumpc.com/user/login?&commentfragment=comments_top_anchor
Print