Netflix Now As Big As Comcast Cable

As Gigaom notes Netflix’s (global) subscriber base is now bigger than Comcast’s national one, a happenstance that should send fear into the hearts of cable providers everywhere. The numbers came from an earnings call today.

In this past quarter, Netflix reached 23.6 million subscribers, up from 14 million last year. We know that Comcast ended 2010 with 22.8 million subscribers and assuming at even a significant uptick in subscriber numbers, we can assume that Netflix is on parity or has surpassed Comcast’s base.

Netflix also hit $719 million in revenue and expects to have 24 million subscribers by the end of Q2.