Comcast has announced that it will start raising prices for TV, Internet, and Home Protect starting next week. The prices will increase by an average of 3% across the board. On top of Comcast’s prices, additional fees are increasing – including Broadcast TV and Regional Sports fees.
TV service will go up around $6 per month for your TV package and a $4 price hike on the broadcast TV fees. Regional sports fees will go up by about $1 per month. Bundles of premium channels are also seeing a price hike, between $2 and $4 per month.
Internet customers will see their prices increase by an average of $4 per month across all its internet packages. Home Protect customers will also see a price increase of $5 per month.
Finally, customers with all three services bundled can expect their bills to jump by as much as $20 per month. This will depend on what they subscribe to – especially regarding TV packages.
These prices are set to go into effect on December 18, 2023. So, bills after that date will reflect the new price hikes.
Comcast is raising prices as costs rise
Many consumers immediately call the company greedy whenever they see these price increases. But that’s not always the case. A lot of the time, these price increases are due to increased costs for cable companies. Cable networks are forcing them to pay more to carry their networks – and they are also forced to carry all of their networks instead of just one or two.
Recently, we’ve seen price hikes from YouTube TV, Hulu + Live TV, DIRECTV Stream, and DIRECTV (non-streaming), so Comcast is not alone here. The cost of content continues to rise, and just like any other company, Comcast is passing that higher cost onto the user.
These price increases are expected to bring Comcast’s average monthly revenue per subscriber up even higher. Currently, the average is $129 per month. This is revenue, not profit. Which means the average Comcast customer pays $129 per month.