Comcast beats earnings expectations, misses slightly on revenue

Comcast on Thursday reported quarterly earnings which beat Wall Street expectations nevertheless missed slightly on revenue.

The media giant’s subscriber losses deepened during the third quarter, declining by 125,000, a key metric investors were watching. Matthew Strauss, executive vice president for Comcast’s Xfinity services, said on Sept. 7 which the company required to report a loss of 100,000 to 150,000 video customers.

CEO Brian Roberts told “Squawk Box” after the report which which was the 63rd consecutive quarter of cash flow growth for Comcast.

“The cash flow of the company – which can be, I think, the main metric which we judge ourselves – was up 5 percent across the company for the first nine months,” Roberts said. “right now a majority of which cash flow comes out of the broadband business.”

Leave a Reply

Your email address will not be published. Required fields are marked *


nineteen − 5 =