Comcast said third-quarter profit dropped as the media-and-cable conglomerate continued to grapple with cord cutting in its flagship content distribution business and faced comparisons with last year’s Paris Olympics, when the company generated $1.9 billion in extra revenue.
The Philadelphia company said it lost 104,000 domestic broadband customers during the period, bringing its total subscriber base to roughly 31.4 million — the fourth consecutive quarter of subscriber losses in this key business area. It also lost 257,000 pay TV subscribers. Revenue tied to its media operations which include NBCUniversal , came to $6.6 billion, a drop of almost 20%. Without taking the 2024 Paris Olympics into account, revenue rose 4% over the year-earlier period, Comcast said.
Net income attributab

VARIETY

The Baltimore Sun
Associated Press Top News
Fast Company
Spectrum Bay News 9 Technology
The Argus Leader
Truthout
FOX19 NOW
The Danville Register & Bee Politics