Comcast cable video subscribers down 121,000 in 1Q 2019

Thursday, April 25th, 2019 
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PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2019.

Cable Communications

Total Customer Relationships increased by 300,000 to 30.7 million in the first quarter of 2019. Residential customer relationships increased by 276,000 and business customer relationships increased by 25,000. At the end of the first quarter, 67.3% of our residential customers received at least two Xfinity products. Total high-speed internet customer net additions were 375,000, total video customer net losses were 121,000, total voice customer net losses were 53,000 and total security and automation customer net additions were 17,000. In addition, Cable Communications added 170,000 wireless lines in the quarter.

Video Customers (thousands)

                                                                2018
                              --------------------------------------
                                  1Q      2Q      3Q      4Q      FY
                              ------  ------  ------  ------  ------
Total                         22,261  22,121  22,015  21,986
Net Additions (Losses)          (96)   (140)   (106)    (29)   (370)
Advanced Services Customers   15,055  15,171  15,276  15,471

                                                                2019
                              --------------------------------------
                                  1Q      2Q      3Q      4Q      FY
                              ------  ------  ------  ------  ------
Total                         21,865
Net Additions (Losses)         (121)
Advanced Services Customers   15,556

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

Sky

Pro Forma Total Customer Relationships increased by 112,000 to 23.7 million in the first quarter of 2019.

                                                                       2018
                                     --------------------------------------
                                         1Q      2Q      3Q      4Q      FY
                                     ------  ------  ------  ------  ------
Customer Relationships               22,903  23,010  23,436  23,600
Customer Relationships
 Net Additions (Losses)                  38     107     426     164     735
Average Monthly Direct-to-Consumer 
 Revenue per Customer Relationship   $60.19  $58.79  $56.26  $56.36  $57.67

                                                                       2019
                                     --------------------------------------
                                         1Q      2Q      3Q      4Q      FY
                                     ------  ------  ------  ------  ------
Customer Relationships               23,712
Customer Relationships
 Net Additions (Losses)                 112
Average Monthly Direct-to-Consumer
 Revenue per Customer Relationship   $54.03

More: Earnings Release

Links: Comcast; Sky