Comcast Lost 248,000 Video Customers in Q4 2020

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In a news release ahead of its Q4 2020 earnings call today,
Comcast reported a 248,000 net loss of video customers for the quarter.

Comcast, like both Verizon and AT&T which reported earlier
this week, showed net additions to its high speed internet customer base. Comcast
added 538,000 internet customers for the quarter.

When looking at video, internet, and wireless customers combined, Comcast grew its customer relationships by 455,000 for the quarter and grew its revenue by 6.3% year over year to $15.7 billion.

“Outstanding performance at Cable drove very strong fourth
quarter results for our company,” wrote Brian L. Roberts, Chairman and Chief
Executive Officer of Comcast Corporation in a statement. Roberts noted that the
pandemic continued to impact the business in the last quarter of 2020. “While
this is certainly the most challenging period we have faced, I could not be
more proud of how our management team and employees continue to pull together
and deliver. Today’s results are a testament to their commitment and dedication.”

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