Comcast cable video subscribers down 409,000 in 1Q 2020

PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2020.

Cable Communications

Total Customer Relationships increased by 371,000 to 31.9 million in the first quarter of 2020. Residential customer relationships increased by 360,000 and business customer relationships increased by 11,000. Total high-speed internet customer net additions were 477,000, total video customer net losses were 409,000 and total voice customer net losses were 89,000. In addition, Cable Communications added 216,000 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)

                                                               2020
                              --------------------------------------
                                  1Q      2Q      3Q      4Q      FY
                              ------  ------  ------  ------  ------
Total                         20,845
Net Additions (Losses)         (409)