Comcast Corp's second-quarter profit on Thursday beat Wall Street estimates as it added more high-speed internet customers, but it lost more video and phone customers than expected.
Comcast is adapting to changes in consumer behavior as more people drop their cable television subscriptions in favour of streaming services like Netflix Inc. It is pursuing higher-margin internet customers rather than unprofitable video subscribers. Comcast said it lost 224,000 video customers in the quarter, more than the 121,000 it lost in the preceding quarter and topping the loss of 178,000 estimated by analysts, according to research firm FactSet."There is a growing tension between the fortunes of the cable business and NBCU," said Craig Moffett, an analyst at MoffettNathanson.
Revenue at the NBCUniversal business, which includes NBC Entertainment and Universal Pictures, fell 0.8 per cent to US$8.21 billion.
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