It’s been a mixed year for the communications and entertainment giant, which dropped two slots from last year’s list. Total 2017 revenue came in at $84.5 billion, up 5% from the year before. But while subscriber numbers for the company’s high-speed Internet have grown, video and voice subscriptions are slipping, evidence that the cord-cutting trend is starting to carve into Comcast’s biggest business (even if it is still able to keep overall revenue growth up year to year). Meanwhile, the year ahead could be monumental for the largest U.S. cable provider: Its recent $31 billion bid for Europe-based pay-TV player Sky has thrown a wrench into Disney’s offer for 21st Century Fox, a deal which was supposed to include a chunk of Sky.
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People are getting tired of Internet cable channel bundles, too.
This is your Data Sheet newsletter for Friday, February 22, 2019.
Profits, however, remain elusive.
Disney and Comcast, are projected to spend $1 of every $5 spent on content worldwide.