Comcast video subscribers up 80,000 in 4Q 2016
Thursday, January 26th, 2017
PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter and year ended December 31, 2016.
Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “Our performance at Comcast Cable was exceptionally strong. We grew operating cash flow 5.6%, added 161,000 video subscribers, the best video customer results in a decade, and delivered our best high-speed Internet customer results in nine years.”
Cable Communications
Customer Relationships increased by 258,000 to 28.6 million in the fourth quarter of 2016, primarily reflecting an increase in double product relationships. At the end of the fourth quarter, penetration of our double and triple product customers increased to 70.1% compared to 69.8% in the fourth quarter of 2015. Video customer net additions were 80,000, high-speed Internet customer net additions were 385,000 and voice customer net additions were 44,000.
For the year ended December 31, 2016, customer relationships increased by 858,000, a 29.0% increase compared to net additions of 666,000 in 2015. Video customer net additions of 161,000 were the best result in ten years. High-speed Internet customer net additions of 1.4 million marked the 11th consecutive year of more than one million net additions, and were the best result in nine years. Voice customer net additions were 211,000.
Video Customers (thousands)
2015 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 22,375 22,306 22,258 22,347 Net Additions (Losses) -8 -69 -48 89 (36) Advanced Services Customers* 13,215 13,337 13,466 13,871 2016 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 22,400 22,396 22,428 22,508 Net Additions (Losses) 53 -4 32 80 161 Advanced Services Customers* 14,158 14,356 14,500 14,761
* Advanced Services Customers subscribe to DVR and/or HDTV services.
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