Comcast’s Profit Rises on Broadband-Business Strength

Comcast's 4th-quarter profits rose, boosted by continued growth at its broadband business. The company added 538,000 new subscribers during the quarter. While 2020 was a banner year for Comcast's broadband results, executives on the earnings call noted that it was somewhat of anomaly due to the pandemic. Comcast had been building broadband momentum in prior years, and for that reason 2019 is a better measuring stick going forward into 2021, according to Comcast execs. Comcast's increase in broadband subscribers were the result of taking market share from telco's DSL, wired and wireless services as well as an expanded market.