Comcast cable video subscribers down 491,000 in 1Q 2021

PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2021.

Cable Communications

Total Customer Relationships increased by 380,000 to 33.5 million in the first quarter of 2021. Residential customer relationships increased by nearly 370,000 and business customer relationships increased by nearly 11,000. Total broadband customer net additions were 461,000, total video customer net losses were 491,000 and total voice customer net losses were 106,000. In addition, Cable Communications added 278,000 wireless lines in the quarter.

Video Customers (thousands):

                                                                  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  20,367  20,094  19,846
Net Additions (Losses)         (409)   (477)   (273)   (248)   (1,408)

                                                                  2021
                              ----------------------------------------
                                  1Q      2Q      3Q      4Q      FY
                              ------  ------  ------  ------  --------
Total                         19,355
Net Additions (Losses)         (491)

NBCUniversal

Beginning in the first quarter of 2021, the operations of Peacock, which were previously reported in Corporate and Other, will now be included with NBCUniversal results in the Media segment.

Peacock has 42 million sign-ups to date across the U.S., benefiting from the recent addition of exclusive domestic streaming rights to WWE Network and The Office.

Sky

Total Customer Relationships increased by 221,000 to 23.4 million in the first quarter of 2021, the best first quarter result in six years.