Comcast video subscribers down 81,000 in 3Q 2014

PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA, CMCSK) today reported results for the quarter ended September 30, 2014.

Cable Communications

Customer relationships increased by 82,000 to 26.9 million during the third quarter of 2014, more than three-times the customer relationship net additions in the third quarter of 2013. At the end of the third quarter, penetration of our triple product customers increased to 36% compared to 34% in the third quarter of 2013. High-speed Internet customer net additions improved versus last year and were the strongest for a third quarter in five years. Video customer net losses improved 36% year-over-year and were the best result for a third quarter in seven years. Voice net additions slowed, reflecting a focus on double play during the back-to-school season, as well as X1 availability that was more focused on triple play customers last year, making for a difficult comparison.

Video Customers – Billable Customers Method

                                                       2013                    2014
                             ------------------------------  ----------------------    
                                 1Q      2Q      3Q      4Q      1Q      2Q      3Q
                             ------  ------  ------  ------  ------  ------  ------
Total                        22,819  22,658  22,531  22,577  22,601  22,457  22,376
Net Additions (Losses)          -25    -162    -127      46      24    -144     -81                    
Advanced Services Customers  12,074  12,128  12,233  12,533  12,634  12,730  12,786