Comcast cable video subscribers down 149,000 in 4Q 2019

Thursday, January 23rd, 2020 
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Comcast Reports 4th Quarter and Full Year 2019 Results

PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter and year ended December 31, 2019.

Cable Communications

Total Customer Relationships increased by 372,000 to 31.5 million in the fourth quarter of 2019. Residential customer relationships increased by 352,000 and business customer relationships increased by 20,000. Total high-speed internet customer net additions were 442,000, total video customer net losses were 149,000, total voice customer net losses were 2,000 and total security and automation customer net additions were 10,000. In addition, Cable Communications added 261,000 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)

                                                                2019
                              --------------------------------------
                                  1Q      2Q      3Q      4Q      FY
                              ------  ------  ------  ------  ------
Total                         21,865  21,641  21,403  21,254
Net Additions (Losses)         (121)  (-224)  (-238)  (-149)  (-733)

Sky

Pro Forma Total Customer Relationships increased by 77,000 to 24.0 million in the fourth quarter of 2019. For the twelve months ended December 31, 2019, total customer relationships increased by 394,000.

Customer Relationships:

                                                                2018
                              --------------------------------------
                                  1Q      2Q      3Q      4Q      FY
                              ------  ------  ------  ------  ------
Total                         22,903  23,010  23,436  23,600
Net Additions (Losses)            38     107     426     164     735

                                                                2019
                              --------------------------------------
                                  1Q      2Q      3Q      4Q      FY
                              ------  ------  ------  ------  ------
Total                         23,712  24,016  23,918  23,994
Net Additions (Losses)           112     304    (99)      77    394

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