So of the ones I looked at actually posted one was deeply in the red, one barely broke even, and the other two weren't over 10%
Dude, who cares about the percentages? That's not even what we're talking about. COMCAST MADE A PROFIT. "Oh noes, they had a net profit margin of only 10%"
This is what I'm talking about, it's like arguing with a monkey. You're comparing something completely irrelevant. Who GIVES a shit that they didn't make as big a profit as they could have, THEY STILL MADE ONE. You've completely skirted away from your original, flawed argument that cable companies make no money by pointing out ONE company that lost money and trying to claim you were simply inviting people to check the numbers out of curiosity instead of being sure in your head that they were all struggling to break even. A 1 billion profit on 22 billion in revenue is simply not pocket change, no matter how much you want to claim otherwise because it's low net profit margin.
And if you think 500 million profit in a quarter is "insanity," consider that AT&T is spending billions (that is a B) per year upgrading their network. This stuff is not cheap.
AT&T
A) Isn't a cable company. Its a telephone company. They have a much different network they need to upgrade. Apples, meet oranges. Sheesh, come on, work with me here, Jethro.
B) Correct me if I'm wrong here, but if AT&T made a 500 million dollar proft, and spent billions in upgrades, wouldn't that, you know, NOT be a 500 million dollar profit? The profit is figured after those kinds of expenditures. Boo hoo, AT&T only made 500 million instead of 2.5 billion in profit. Guess what McGee, that's not the same as losing money.
I'm not claiming they're not investing some of the profits in infrastructure repair, or that they're as bad as Exxon in terms of racking in huge profits at the expense of the poor working American. I'm saying they're hardly a company struggling to break even or make money. I don't understand why you're taking such a simple, obvious fact so personally and attempting to disprove it with a bunch of tangential arguments that have no relevence, but it's obvious you're incapable of accepting basic truths of finances. Feel free to continue telling yourself poor Comcast is hardly making a dime on their services, I'm not going to continue attempting to teach ya'll Econ 101 to make you understand it's simply not true.