Comcast’s first quarter 2013 earnings report sheds some light on the value of “dumb pipe” revenues earned by Comcast's cable segment. In its cable segment, Comcast booked revenue of $10.22 billion.
Assume that voice, video entertainment, advertising and all other revenue is a “service,” not dumb pipe Internet access.
Of the amount, some $5.1 billion came from video entertainment. Comcast earned $900 million from consumer voice. Comcast also earned $940 million in advertising and other revenue.
Comcast earned about $2.5 billion in consumer Internet access revenue.
Comcast earned $741 million from business services, presumably a mix of high speed access and voice services. For the sake of argument, assume half of that revenue is high speed access, half hosted voice. So assume Comcast can attribute $370 million in the quarter as Internet access revenue.
That implies about $7.3 billion in smart pipe or service or application revenue. That also implies
“dumb pipe” revenue of about $2.9 billion. So dumb pipe directly represents 28 percent of revenue.
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