Comcast cable video subscribers down 29,000 in 4Q 2018
Wednesday, January 23rd, 2019PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter and year ended December 31, 2018.
Cable Communications
Total Customer Relationships increased by 258,000 to 30.3 million in the fourth quarter of 2018. Residential customer relationships increased by 229,000 and business customer relationships increased by 29,000. At the end of the fourth quarter, 67.6% of our residential customers received at least two Xfinity products. Total high-speed internet customer net additions were 351,000, total video customer net losses were 29,000, total voice customer net additions were 2,000 and total security and automation customer net additions were 39,000.
For the year ended December 31, 2018, total customer relationships increased by 1.0 million. Residential customer relationships increased by 878,000 and business customer relationships increased by 123,000. Total high-speed internet customer net additions were 1.4 million, total video customer net losses were 370,000, total voice customer net losses were 103,000 and total security and automation customer net additions were 186,000.
Brian Roberts, Chairman and Chief Executive Officer: “In video, we are leveraging our X1 platform to be the best aggregator of aggregators, delivering the broader selection of content. With our integration of YouTube, Netflix and most recently Amazon Prime Video in December, X1 is the best platform to consume live, on demand and streaming content on TV and on Xfinity Stream.”
Video Customers (thousands)
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 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
Sky
Pro Forma Total Customer Relationships increased by 164,000 to 23.6 million in the fourth quarter of 2018. For the twelve months ended December 31, 2018, total customer relationships increased by 735,000 to 23.6 million.
Brian Roberts, Chairman and Chief Executive Officer: “Sky operates in significantly under penetrated markets and has terrific long term growth ahead of it including the potential to expand into new markets.”
2017 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Customer Relationships 22,423 22,499 22,660 22,865 Customer Relationships Net Additions (Losses) 106 76 161 205 548 Average Monthly Direct-to-Consumer Revenue per Customer Relationship $52.16 $54.11 $56.21 $57.77 $54.96 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
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