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How Is Comcast’s Cable Segment Performing?

How Is Comcast’s Cable Segment Performing?

Comcast’s (CMCSA) cable business generated revenue of $13.5 billion in the first quarter, a rise of 3.6% year-over-year. Comcast’s first-quarter revenue was mainly driven by strong growth in its business services units and growth in high-speed Internet and advertising revenues. The growing popularity of Xfinity Home and the rising revenue growth from X1 licensing agreements have also been benefiting its cable business.