Tag Archives: q2

People are pulling the plug on cable television by the hundreds of thousands

People are pulling the plug on cable television by the hundreds of thousands.

Comcast’s Q2 2012 earnings show the cable company is relying heavily on its high-speed Internet service subscribers.

Though the cable giant reports a total Q2 increase in customers of 138,000; the cable company also lost a massive 395,000 television subscribers in the last year.

This number is huge, considering Credit Suisse analyst Stefan Anninger previously predicted 200,000 fewer subscribers would pay for television services this year.

 

Source: Business Insider

 

Specific numbers:

In Q2 2012:

  • Lost 176,000 cable subscribers.
  • Gained 156,000 broadband.
In Q2 2011
  • Lost 238,000 cable.
  • Gained 144,000 broadband.

“While Comcast continued to rack up new broadband subscribers, it is still losing basic video subscribers quite fast — both to cord cutters and satellite/phone company rivals.” – GigaOm

 

 

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Venture capital investment had its biggest quarter (Q2 2012) of the decade

U.S. venture capitalists put $8.1 billion into 812 deals in the second quarter of 2012, their single largest quarter in more than a decade, according to CB Insights.

It’s clear that factors like the greater American economy and the bumpy tech IPO market don’t necessarily have a direct and/or timely correlation with venture capital spending.

Funding was up 37 percent from the first quarter, and 5 percent from a year ago. Number of deals were up 3 percent from the past quarter, and 4 percent from the past year.

Photo and video start-ups accounted for 29 percent of mobile funding dollars.

 

Keep reading: All Things D - U.S. Venture Capital Has Its Biggest Quarter Since Dot-Com Days

 

 

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Facebook’s first public earnings release, Q2 – July 26

Facebook will give investors and the world their first official look at its post-IPO earning for Q2 2012 at 2pm PST on July 26th, according to a brief note posted to its investor relations page just now. The company’s share price closed at $31.095 today, down $0.265 or 0.85%, but still closer to the $38 IPO price than its been for most of the time since its May 18th public debut.

The company pulled in $1.058 billion in Q1 2012 revenue with a net income of $205 million. Critics will want to see both of those increase and will likely focus on its mobile revenue. Facebook only began showing ads on mobile at the end of February, but monetizing the medium is believed to be the linchpin of Facebook’s future success.

ViaFacebook’s First Public Earnings, Q2 2012, Scheduled For July 26th

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