Internet overtakes television as Comcast’s main business

By Lulu Chang July 27, 2015

comcast now has more internet than tv customers xfinity home — Image used with permission by copyright holder

It’s the classic story of the little side business that could, but in this case, the little side business is Comcast’s Internet service, and when we say “could,” we mean bring in millions of customers and billions of dollars in revenue for Comcast. While the telecommunications giant may have begun as a cable provider, its main business is now Internet service provision, boasting 22.5 million Internet subscribers and 22.3 million video customers, as per its second quarter results.

Comcast’s revenue grew 10 percent thanks in large part to an increase of 180,000 high-speed Internet customers, which offset slight losses in their video-based customer base. But for Comcast cast the video results in the best light possible, stating that their net loss in viewers “declined to 69,000, a 52 percent improvement from the second quarter of 2014, and the best second quarter result in nine years.”

In a press release, Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, noted, “Our second quarter results, including 11.3 percent revenue growth and 8.0 percent operating cash flow growth, demonstrate the strength and momentum we are seeing across our businesses. In Cable, high-speed Internet, and business services continued to perform extremely well, and, significantly, this was the best second quarter video customer results we’ve had in nine years.”

Despite the continuing and seemingly inevitable loss of video customers to streaming services like Netflix, Hulu, and HBOGo, Comcast has managed to weather the storm not only by way of its Internet service provision, but also thanks to the enormous success of its NBCUniversal division. “NBCUniversal had an exceptional quarter, led by the record-breaking box office performances of Jurassic World and Furious 7 and continued strong momentum in our theme parks,” said Roberts. “In addition, NBC won the 2014-2015 broadcast season for adults 18-49. Our teams are executing incredibly well across our strong and diversified portfolio, and I am excited for what we can deliver in the rest of 2015 and beyond.”

Editors' Recommendations

Topics

Former Digital Trends Contributor

Fascinated by the effects of technology on human interaction, Lulu believes that if her parents can use your new app…

Business

Best Salesforce alternatives 2023: 7 other CRM tools worth trying

A customer relationship management diagram.

In the realm of sales management, finding the right customer relationship management software (or CRM) is crucial for streamlining your sales funnel, nurturing customer relationships, and boosting your conversion rate. While Salesforce has long been a dominant player in the CRM market, there are a number of compelling alternatives that offer comparable functionalities and features.

This roundup explores seven powerful Salesforce alternatives, analyzing their unique strengths, customizable interfaces, and integration capabilities. Whether you're a small startup, a growing medium-sized business, or an established enterprise, these CRM systems provide diverse solutions to your specific sales management needs. From advanced AI-driven lead prioritization to intuitive visual pipelines, each alternative offers its own benefits that can transform how you approach sales. Ready to level up your sales game? Let's dive in:
Freshsales

Business

Squarespace Courses: Empowering the next-generation of creative entrepreneurs

Squarespace Courses will allow entrepreneurs to create online learning solutions

This content was produced in partnership with Squarespace.
It's been clear from the very start that Squarespace was building and planning something truly special. If you don't already know, you can build professional-quality and beautiful websites through the platform with a remarkably easy tool set. You don't need any knowledge of web design or programming to get started, and you can have a site up in minutes. But thanks to how convenient it all is, it's become something of a go-to platform for digital and online creation. Now, Squarespace is elevating its all-in-one platform even more, offering something new to the next generation of entrepreneurs and creatives, who want to build their brands and monetize their audience. It's called Squarespace Courses, and like its website builder, the tool will allow customers to design and sell beautiful, multimedia courses to their customers.

Course designers will be able to create expansive programs across sequential lessons, using videos, and chapters, all while also offering progress tracking. As is customary for online courses, entrepreneurs can then create an overview of each course, set the prices for admission, and then allow potential students to preview content before making a purchase. Launching August 21st, 2023 this feature is simply not available through other easy-website-building platforms -- it's exclusive to Squarespace.

Deals

Semrush Free Trial: Try the advanced online marketing tool

Marketing will make or break your new venture. A lot more goes into running a traditional or ecommerce business than just registering a new domain, making a website -- even with a Wix free trial -- and calling it a day. Potential customers must be made aware that your business exists, and for that to happen in the digital age, you need to make use of modern online marketing tools. That's a broad field, though, encompassing keyword research, search engine optimization, data analytics, and other elements that can be pretty technical (not to mention intimidating) to the uninitiated. Enter Semrush, one of the best online marketing suites that makes all that stuff easy -- but it's not free. Maybe you want to give it a try before signing up for a premium subscription? If that's the case and you are looking for a Semrush free trial, then you're in luck. Read on. We have all the details for you, below.

Is there a Semrush free trial?