Comcast, the largest U.S. cable operator, posted higher first-quarter revenue and net income on Tuesday showing it could add video subscribers for two quarters in a row, a rare sight in the cable industry.
On the cable side, Comcast added 24,000 net video subscribers in the first quarter, which surprised Wall Street analysts who expected a loss of 26,000 net subscribers, according to StreetAccount. Last year's fourth quarter saw the first cable video subscriber gain in more than six years for Comcast.
Comcast's high speed Internet growth slowed in the quarter. It added 383,000 net subscribers, fewer than a year ago and missing estimates.