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Comcast sees 33.9% jump in wireless revenue as customer base keeps growing

July 30, 2020

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Quarterly revenues for Comcast dropped nearly 12% compared to the same time last year and its net income was down more than 4% as the company navigates the pandemic — but the cable company’s wireless segment saw strong growth of more than 33% in revenues and Comcast reported its second-best quarter in 13 years in terms of high-speed internet customer numbers.

Revenue for the quarter was $23.7 billion, with net income at $3 billion. For Comcast’s Cable Communications unit, revenue was basically flat year-over-year as the gains in wireless and high-speed internet revenues offset losses in advertising, voice and video. Wireless had the best revenue growth among its cable communications businesses, at 33.9%.

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