Comcast loses cable users, but the rise of Internet subscribers

Comcast is still losing US customers. UU. But he is accumulating more subscribers on the Internet and earned a revenue boost from Sky, his great bet on European television.

The Philadelphia company said on Wednesday that it lost 29,000 US cable customers in the fourth quarter, but added 351,000 Internet subscribers. He also won customers in his new cell phone business.

The company is dealing with a growing number of people who are cutting their cable packages to save money, attracted by Netflix and several other companies that offer cheaper transmission services.

Comcast is also looking to compete there. Its NBCUniversal division is launching a live broadcast service in the first half of next year, joining the crowded field competing for the attention of consumers.

It intends to offer current and previous stations of the TV shows that it produces and some original content, with advertising. It will be available for free for anyone paying a traditional TV package, be it Comcast or another cable or satellite television company and Sky customers in Europe. The cutters should pay the service.

Walt Disney Co., who plans to launch its own service later this year, is removing their Netflix movies and using them in their own service. Comcast is not immediately likely to take its shows in other services, officials say at a conference on Wednesday.

"I think that much will be on our platform, but we will continue to sell on other platforms according to the show, depending on the prices we can command for these products," said Steve Burke, CEO of NBCUniversal. This can change over time. "We will show show-by-show, instance by instance and discover what makes sense when these rights return to us."

Comcast is also looking for growth abroad. Sky's business, completed in October after a dramatic war trailer with rivals Disney and 21st Century Fox, takes Comcast TV, Internet users and mobile phone customers in Europe. In that unit, revenues would rise by 2.4 percent to 5 billion dollars (approximately Rs. 35,000 crores), when the results adjusted to make Comcast hold it throughout the fourth quarter of the previous year and the previous year. Without the effect of currency changes, revenues would rise by 5.6 percent.

Comcast said on Wednesday that net income dropped 83 percent to $ 2.510 billion or 55 cents per share in the fourth quarter of 2018. A large tax profit in 2017 from changes in the tax code on the result of the quarter more recent

Excluding tax changes, adjusted earnings per share were 64 cents. Analysts surveyed by FactSet expected 62 cents per share.

Total revenues rose 26 percent to $ 27.85 million, resulting in a massive blow due to the newly acquired Sky. Revenues also increased for cable television networks and broadcasting in its NBCUniversal division, despite the rapid growth of publicity. His cinematographic business was hit by "The Grinch", which came out in November.

Investors were happy with the results, sending Comcast shares 4.8 percent to $ 36.65 per day in trade.

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