Comcast Profit Rises, Becoming More Powerful Than You Can Possibly Imagine
Comcast Corp.’s second-quarter profit increased 29% as the cable and entertainment company benefited from higher cable prices and growth at its NBCUniversal unit.
Overall, total revenue grew 7% to $16.3 billion, and earnings rose to $1.7 billion, or 65 cents a share, from $1.35 billion, or 50 cents a share, a year earlier.
The company continued to lose video subscribers but was still able to increase video revenue by 2.7% to $5.2 billion. The number of video subscribers fell 159,000 in the second quarter; some 176,000 were lost in the year-earlier quarter.
You know what that last paragraph means, right? There’s nothing that can defeat Comcast! Take away its customers and it only grows stronger! Punch it in the face, and it just laughs. It’s like Wolverine, only with a giant glass building that dominates the skyline. Bend on knee and tremble, Philadelphia.