Comcast reported its third quarter earnings today with positive results—and even the bad news was good.
“Video customer net losses declined to 81,000, the best third quarter result in seven years,” the company’s announcement said.
“I am pleased to report strong revenue, operating cash flow, and free cash flow growth for the third quarter of 2014,” CEO Brian Roberts said. In addition to slowing video losses over the past three months, “cable results highlight the consistent strength of high-speed Internet and business services,” he said.
Comcast had 22,457,000 video (i.e. cable TV) customers in the second quarter of this year. After the drop of 81,000, Comcast now has 22,376,000 video subscribers. One year ago, Comcast lost 127,000 video customers in the third quarter. Comcast lost 25,000 video customers in Q1 of 2014 and 144,000 in Q2 of 2014.
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