toggle

AAPL Stock: 109.27 ( -1.1 )

Printed from http://www.macnn.com

Comcast earnings, revenue up; subscriber losses slowing

updated 12:04 pm EDT, Tue July 22, 2014

Company loses only 25,000 customers in the quarter versus 66,000 YAQ

Joining the chorus of quarterly earnings reports, Comcast has released its own figures. The company is reporting consolidated revenue for the second quarter increased 3.5 percent to $16.8 billion, with earnings per share at $0.76, a a 16.9 percent increase from the $0.65 reported in the second quarter of 2013.

Capital expenditures increased 19.4 percent to $1.8 billion in the second quarter of 2014 compared to the year-ago quarter. The company's Cable Communications division's capital expenditures increased $253 million, or 20.4 percent, to $1.5 billion in the second quarter of 2014, primarily reflecting increased spending on customer equipment related to the deployment of the X1 platform and Cloud DVR.

The company is also reporting a decrease in customers for the quarter, losing 25,000 subscribers, cutting the total installed base to 26.8 million. Comcast is calling it a victory, as this is an improvement over the 66,000 it lost in the second quarter of 2013. However, retained customers are shifting to "Triple Play" bundles, adding to the company's bottom line more than the departures are subtracting from it.




by MacNN Staff

POST TOOLS:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

MSI Geforce GTX 970 100ME

When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

toggle

Most Commented