Comcast Beats Profit Estimates While Battling Pay-TV Losses
- Cable giant adds 209,000 broadband subscribers in the quarter
- Company loses 224,000 video customers as cord-cutting goes on
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Comcast Corp.’s profit beat estimates as its internet subscriber growth helped offset faster losses in its TV business.
Comcast said Thursday that it added 209,000 internet subscribers in the quarter, trailing the year-earlier pace. The company also shed 224,000 pay-TV customers.