Comcast profit beats estimates as internet customer base grows

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Comcast’s profit beat estimates as its internet subscriber growth helped offset faster losses in its TV business.

Comcast Corp.’s profit beat estimates as its internet subscriber growth helped offset faster losses in its TV business.

Investors are paying close attention to Comcast’s internet business, which has become the main driver of growth as consumers drop their TV subscriptions in favor of online entertainment. Comcast’s internet subscriber growth was higher than the 204,000 analysts projected. The company added 260,000 internet customers a year earlier.The loss of pay-TV customers was worse than projected and 60% more than a year ago. On Wednesday, AT&T Inc., another pay-TV provider,

 

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