Comcast video subscribers down 33,000 in 4Q 2017
Wednesday, January 24th, 2018PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter and year ended December 31, 2017.
Cable Communications
Total Customer Relationships increased by 243,000 to 29.3 million in the fourth quarter of 2017. Residential customer relationships increased by 211,000 and business customer relationships increased by 33,000. At the end of the fourth quarter, penetration of our double, triple and quad product residential customers was 69.8%. Total high-speed Internet customer net additions were 350,000, total video customer net losses were 33,000, total voice customer net losses were 13,000 and total security and automation customer net additions were 52,000.
For the year ended December 31, 2017, customer relationships increased by 770,000. Residential customer relationships increased by 635,000 and business customer relationships increased by 135,000. Total high-speed Internet customer net additions were 1.2 million, total video customer net losses were 151,000, total voice customer net losses were 135,000 and total security and automation customer net additions were 239,000.
Video Customers (thousands)
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 2017 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 22,549 22,516 22,390 22,357 Net Additions (Losses) 42 -34 (125) (33) (151) Advanced Services Customers* 14,918 14,994 14,979 15,029
* Advanced Services Customers subscribe to DVR and/or HDTV services.
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