Comcast wants Internet users to pay more because customer growth has stalled

TL;DR

"We expect ARPU growth will continue to be the primary driver of our residential broadband revenue growth in the near term," Comcast President and CFO Michael Cavanagh said.CEO doesn’t expect much subscriber growthComcast CEO Brian Roberts said the nation's largest cable company is "still in a challenging environment in terms of depressed move activity and increased competition from new entrants.""While we don't anticipate residential broadband units to be a significant driver for now, we expect to maintain healthy growth in the other three, leading to continued strong financial performance at cable for the foreseeable future," Roberts said."In broadband alone, we had really healthy ARPU growth, 3.6 percent, half being rate-driven, the other half just how we manage tier mix," Comcast cable division CEO David Watson said at the time.We pay nearly $5 billion in dividends per year, and we bought back $9.5 billion of our shares year-to-date through the third quarter.""

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