Comcast’s recent third quarter revenue earnings have gone against the recent tidal wave of financial loss sustained by cable and satellite networks thanks to its growth in its high-speed internet and streaming service.
The cable operator and owner of NBCUniversial television reported an 11 per cent increase in revenue to nearly $18.7bn. The results provide an optimistic forecast for the future of Cable and Satellite companies who have suffered greatly as a consequence of the growing “cord-cutting” trend fuel by cheaper the online subscription services such as Netflix.
Macquarie analyst, Amy Yong, told the NY Times that the results illustrated a less Read full story ›
Source: The Drum
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