For Comcast Corporation, 2017 year was not for them to remember. For them, this year the stocks of Comcast saw drastic hike of 3%. This blog will introduce users about why it is the best for Comcast Corporation to forget about the 2017? Also, one can give a call at 800 Support Customer Support Number ++1-888-593-4845. So, even with all these difficulties, the Comcast seems to become 15 times cheaper in coming year and analysts here are expecting its earnings as well as revenue to rise till 18% and 5% respectively. However, the coming year will certainly allow users about what exactly is written in the company’s destiny. So, here let us know about crosswinds that were breathtaking for Media and ISP giant in the year 2017.
Below are reasons why is the best for Comcast corporation to forget about the 2017
Reason 1: Cord-Cutting here is the ultimate reason
This is the first reason when customers have adapted to the over-the-top solutions such as Netflix which streams content as an alternative solution. Comcast has always tried to make its best in overcoming all of the drawbacks by just bundling services such as home Internet, streaming as well as other cable services. However, in the last quarter, as per as study by 800Support Customer Service team, the company shed just 125,000 video subscribers in the last year. Further, this has dropped but Comcast has always tried to balance it with ample of services, with increased revenue of cable communications by 5.1% in the last quarter
Reason 2: Comcast’s Xfinity X1 is not a strong contender against Netflix
So, Comcast has introduced the Xfinity X1 against the Netflix which has offered services such as live TV, streaming content, DVR, and on-demand shows, all on one platform. Comcast said that 57% of its video subscribers which further enjoyed the X1 in the last quarter. According to the research, it is seen that it is more than the earlier quarter and 45% was in the previous year quarter. Now, the next thing is even after such solid statement given by Comcast, paid subscribers of Netflix has increased by 10% in the last quarter.
Reason 3: NFL Games
NFL Games are now the main source of revenue which is related to NBC advertising but now their NFL ratings are diminishing day by day. As per reports, the overall ratings of NFL for the first 7 weeks have depreciated five percent, year after year and have now stick to 15% form 2015. This is a reduction process where the ratings of NFL have dropped ten percent annually.
So, the question arises whether these headwinds fade?
So, from all the above reasons, we here conclude Comcast’s ISP and NBCUniversal business will drop in the coming year. However, shareholders should not at all neglect the Comcast strengths. Secondly, the NBC still is at the top of America’s network providers which shows messages such as “This is Us” contributed to its success.
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