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Comcast's Q1 strong as business and high-speed Internet services offset cord cutting


Comcast continued to shed video customers in the first quarter, but is more than offsetting the slide with high-speed Internet and business services.

In the first quarter, Comcast reported net income of $3.12 billion, or 66 cents a share, on revenue of $22.79 billion, up 10.7 percent from a year ago. Excluding items, Comcast reported earnings of 62 cents a share in the first quarter.

Wall Street was expecting Comcast to report first quarter earnings of 59 cents a share on revenue of $22.75 billion.

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There are multiple moving parts in Comcast, but Comcast Business is growing the fastest. In the first quarter, Comcast Business delivered revenue of $1.73 billion, up 11.9 percent from a year ago. Comcast high-speed Internet revenue was up 8.2 percent as video and voice fell. Xfinity Home drove other revenue to a 4.5 percent gain.

Here’s a look at how Comcast’s customer base is shifting.


In a nutshell, cord cutting means Comcast is losing customers on video and in bundles. However, Comcast is gaining customers for its broadband service as well as other areas such as security and smart home. If anything, Comcast’s multi-quarter shift in its business mix is accelerating.


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I'm a 50 year old PLC programmer from Burnley, UK. I severed my time as an electrician in the baking industry and soon got involved with the up and coming technology of PLC's. Initially this was all based in the Uk but as the years went by I have gradually worked my way around the globe. At first it was mainly Mitsubishi with a bit of Modicon thrown in but these days the industry leaders seem to be the Allen Bradley range of PLC and HMI’s.

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