Comcast Business reported a 17 percent rise in second quarter revenue to $1.4 billion, thanks partly to a new piece of business — enterprise branch offices.
Comcast and NBCUniversal will distribute its 83 hours of delayed 4K Summer Olympics footage to satellite operators DirecTV and Dish Network.
Verizon has launched a new customer care service for its FiOS and DSL customers called Tech Support Pro, signaling its desire to further its bond with broadband customers as it faces off with aggressive cable competition in its Northeast wireline market.
Making their first extensive comments about the upcoming integration of Netflix into the X1 platform, Comcast executives assured investors that the deal is accretive on both sides, and that their once-strained relationship with the SVOD service is now strong.
Comcast Business' dominant revenue source may still be from small businesses customers, but the division is seeing new growth from mid-sized and large businesses. During the second quarter, the unit reported that revenue overall rose 17 percent to $1.4 billion.
Comcast-owned NBCUniversal may be at the lead edge of a purge of smaller TV networks, according to its CEO Steve Burke, who said on the cable conglomerate's second-quarter earnings call that NBCU plans to trim channels from its lineup.
While it has lagged behind other broadcasters in terms of retransmission licensing revenue, NBCUniversal is in catch-up mode.
Most of the major programming conglomerates are in the process of reducing the size of their network bundle, NBCUniversal CEO Steve Burke said.
Comcast continues to report best-in-a-decade customer metrics, with the MSO reporting narrowed losses of just 4,000 pay-TV customers in the second quarter, the slowest period of the year for video subscriber growth.
As it aggressively showcases its X1 video product in the run to the platform's big coming-out party, the Rio Summer Olympic Games, Comcast has opened the doors to its CXI unit, which supports the custom installation channel.