It’s been a mixed year for the communications and entertainment giant, which dropped a slot from last year’s Global 500 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 erode Comcast’s biggest business (even if it is still able to keep overall revenue growth up year to year). The year ahead could be monumental for the largest U.S. cable provider: It recently upped its bid for European pay-TV player Sky, competing with 21st Century Fox in an effort to seal the deal.
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Profits, however, remain elusive.
Disney and Comcast, are projected to spend $1 of every $5 spent on content worldwide.
Raising funds for Tipping Point.
This is your Data Sheet newsletter for Monday, December 10, 2018.