The landscape of television distribution is changing and evolving every day. Cable TV companies like Comcast are smartly evolving by shifting focus into their streaming platforms and high speed internet businesses.
But this quarter Comcast indicated heavy losses to their cable TV customer base, reporting that almost a quarter of a million people cancelled in Q2 2019, a 90 day period. We did the math and here's that figure visualized:
Comcast Cable TV Customer Loss Rate (2019)
Last 90 Days
Comcast would argue that they are acquiring just as many new customers through other products such as high speed internet and their new mobile data plans. And to be fair, Comcast's cable TV contemporaries aren't faring much better when it comes to hemorrhaging customers. AT&T announced staggering losses on that front as well, parting ways with 778,000 subscribers in Q2 2019. Some quick math for AT&T:
AT&T Cable TV Customer Loss Rate (2019)
Last 90 Days
As with most industries, the future is moving online. Both companies are investing hugely in their streaming services, high speed internet distribution and mobile networks. Will they evolve quickly enough to counter the above losses? It's too soon to say but we'll be there to give you the information you need to make a decision as a customer.