Tuesday, January 30, 2024

More are dropping cable

A recent report shows how much the cable industry is losing customers. And, for Comcast, the news is even worse.

Cord Cutters News had a report recently that said Comcast lost over 2-million cable customers in 2023. But it didn't stop there. Nearly 40-thousand Internet customers were lost by the company last year as well.

In my family, my mother dropped Comcast cable, but kept Comcast as her Internet provider. Internet service by Comcast is pretty good, so it made sense for her. But the industry has changed and more options are now available, giving more people today. And that led to the recent bad news:

Comcast lost 2,036,000 cable TV customers in 2023. The company also lost 38,676 Internet subscribers in 2023. Comcast started the year by adding more than 32,000 new Internet subscribers but lost subscribers the remaining three quarters of 2023.

These numbers are like the over 2 million TV customers Comcast lost in 2022 and up from the 1.66 million Comcast lost in 2021.

This is double bad news for Comcast. For years many had predicted the decline of TV subscribers would also see the rise in Internet customers. Instead, we have now seen Internet subscribers drop for Comcast as 5G Home Internet, fiber, and other options start to hit Comcast.

My Streaming Life still includes Comcast Internet (Xfinity). It's good service, and I can't get that quality of service for a better price. I'm sticking with Comcast for Internet, but I am always looking for options. I don't know that I would change unless the price was a lot lower. I know it's cool to hate on Comcast, and I do have some issues with them, but their Internet service has been reliable for me.

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