5 ms·
Correction: now larger than any cable company was last year. The latest subscriber numbers from Comcast [1] are from September 2010, for Q3 2010, when they rep
by portman 15y ago
Correction: now larger than any cable company was last year.
The latest subscriber numbers from Comcast [1] are from September 2010, for Q3 2010, when they reported 22.937M cable video subscribers.
It's conceivable that Comcast has been growing as well and has as many subs as Netflix.
But the media loves a horse race!
[1] http://www.cmcsk.com/releasedetail.cfm?ReleaseID=523403 http://www.cmcsk.com/releasedetail.cfm?ReleaseID=523403
- InclinedPlane 15y agoComcast's subscriber base has been relatively stagnant, they've had circa 23 million subscribers since for the last half-decade. Netflix has been growing at 10-15% per year for the last several years. Netflix is still vastly under appreciated as a major player in media distribution, and has only started to gain more attention lately. The fact that they will likely continue to grow larger than any single cable company is significant.
- portman 15y agoYou're right. Their Internet subs are seeing 10% Y/Y growth, but their video subs are flat. Looking at the last 3 years, it's unlikely that Comcast will report any major uptick in video subscribers during their next earnings.