Comcast video subscribers down 81,000 in 3Q 2014
Thursday, October 23rd, 2014PHILADELPHIA — 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
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