Comcast video subscribers down 69,000 in 2Q 2015

PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA, CMCSK) today reported results for the quarter ended June 30, 2015.

Cable Communications

Customer Relationships increased by 31,000 to 27.3 million in the second quarter of 2015, a 56,000 improvement compared to the second quarter of 2014 and driven by increases in double and triple product relationships. At the end of the second quarter, our double and triple product customers increased to 69% of our total customer relationships compared to 68% in the second quarter of 2014. Video net losses improved 52% year-over-year to 69,000 and were the best result for a second quarter in nine years, while High-Speed Internet customers grew by 180,000 and Voice net additions were 49,000.

Video Customers – Billable Customers Method

                                                        2014            2015
                              ------------------------------  --------------
                                  1Q      2Q      3Q      4Q      1Q      2Q
                              ------  ------  ------  ------  ------  ------
Total                         22,601  22,457  22,376  22,383  22,375  22,306
Net Additions (Losses)            24    -144     -81       6      -8     -69
Advanced Services Customers*  12,634  12,730  12,786  13,043  13,215  13,337

* Advanced Services Customers subscribe to DVR and/or HDTV services.