Comcast reported today that it lost 33,000 net video subscribers in the fourth quarter, compared to a gain of 80,000 in the 2016 fourth quarter.
The 2017 fourth quarter decline means that Comcast ended up losing a net of 151,000 video subscribers for 2017.
While that’s more evidence that the pay TV industry is increasingly having trouble keeping video customers, Comcast also showed a net gain of 350,000 Internet subscribers in the fourth quarter.
In the last year or so, cable and telco operators have been able to offset rising video losses with steady Broadband gains, thereby keeping profits up.
Comcast added a net of 161,000 video subscribers in 2016.
— Phillip Swann