A new report shows how a couple of cable companies are losing subscribers. Cord Cutters News reports that Comcast and Spectrum have lost nearly three-quarter of a million TV subscribers in the second quarter.
According to Comcast, it lost 543,000 video customers during the second quarter of 2023. That works out to almost 6,000 Subscribers Every Day. The company lost 19,000 broadband customers for the quarter. Comcast now has 32 million total broadband customers. Revenue from domestic broadband was up 4.4% in the 2nd quarter.
That's on the heels of a an announcement by Spectrum of cable subscriber losses:
Last week we learned that Charter Communications, the parent company of Spectrum, has once again lost 200,000 TV customers in the 2nd quarter of 2023. Spectrum also reported that they lost over 221,000 voice customers as many Americans turned away from traditional phone lines and TV services. Spectrum did add 77,000 internet customers during that time for both residential and business customers.
More and more people are finding out they don't need cable. You and I have known this for some time. My Streaming Life replaced cable TV watching over a dozen years ago. I haven't looked back since. And more and more people are doing the same.
No comments:
Post a Comment
Your comments are welcome. Abusive or off-topic comments will be removed.