Comcast Corporation (NASDAQ: CMCSA)  has added broadband and home security customers in the third quarter of FY 17 even though it lost video subscribers. Overall, the net income attributable to Comcast rose 18.5 percent to $2.65 billion. The stock is trading subdued today, losing over 1.1% (as of 11:45AM EDT on October 26th, 2017; Source: Google finance)

Comcast Corporation  has reported the adjusted earnings per share of 52 cents in the third quarter of FY 17, but reported a 1.6 percent fall in the adjusted revenue growth to $20.98 billion in the third quarter of FY 17. Excluding $1.5 billion of revenue generated by the broadcast of the Rio Olympics in the third quarter of 2016, the company’s consolidated revenue increased 5.8%

Moreover, Comcast Corporation has lost 125,000 video subscribers in the third quarter. The company had expected in September that it may lose up to 150,000 subscribers due to the impact of recent hurricanes and increased competitive activity in the pay-TV industry. More options are there in the market that allows consumers to stream television over the internet at a cheaper price than paying for cable. Such alternatives include Dish Network Corp’s Sling service, Sony Corp’s PlayStation Vue and AT&T’s DirecTV Now. However, the company has maintained that it is well-positioned for changes in viewing habits thanks to its high-speed Internet business, which added 214,000 subscribers. The company has also expanded into home security and automation, that added 51,000 subscribers. Further, Comcast has been facing pressure in its video business as more consumers cancel their cable packages, sometimes in favor of cheaper streaming options like Netflix Inc. AT&T Inc and Verizon Communications Inc have also reported video subscriber losses in the third quarter. Overall, the revenue in the cable business has increased 5.1 percent, and NBCUniversal revenues grew 6 percent, excluding the impact from the Olympics.

Additionally, Comcast Corporation has declared a quarterly dividend of $0.1575 a share on the company’s common stock. The quarterly dividend is payable on January 24th, 2018 to shareholders of record as of the close of business on January 3rd, 2018. During the third quarter of 2017, CMCSA has paid dividends totaling $743 million and repurchased 42.9 million of its common shares for $1.7 billion. As of September 30th, 2017, Comcast had $8.2 billion available under its share repurchase authorization.