Comcast adds 6,000 video subscribers in 4Q 2014

PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA, CMCSK) today reported results for the quarter and year ended December 31, 2014.

Cable Communications

Customer relationships increased by 178,000 to 27.0 million during the fourth quarter of 2014, a 47% improvement compared to an increase of 121,000 in the fourth quarter of 2013. At the end of the fourth quarter, our triple product customers increased to 37% of our total customer relationships compared to 35% in the fourth quarter of 2013. In addition, video, high-speed Internet and voice customers increased in the fourth quarter of 2014.

For the year ended December 31, 2014, customer relationships increased by 358,000, a 67% improvement compared to net additions of 215,000 in 2013. Video customer net losses improved year-over-year and were the best result in seven years. High-speed Internet customer net additions of 1.3 million marked the ninth consecutive year of more than one million net additions. Voice net additions slowed, reflecting 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      4Q
                             ------  ------  ------  ------  ------  ------  ------  ------
Total                        22,819  22,658  22,531  22,577  22,601  22,457  22,376  22,383
Net Additions (Losses)          -25    -162    -127      46      24    -144     -81       6
Advanced Services Customers  12,074  12,128  12,233  12,533  12,634  12,730  12,786  13,043