Comcast cable video subscribers down 614,000 in 1Q 2023

PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2023.

Content & Experiences

Peacock paid subscribers in the U.S. increased more than 60% compared to the prior year period to 22 million. Peacock revenue increased 45% to $685 million.

Connectivity & Platforms

Total Customer Relationships for Connectivity & Platforms increased by 82,000 to 52.5 million. Increases in international residential connectivity & platforms customer relationships and business services connectivity customer relationships were partially offset by a decrease in domestic residential connectivity & platforms customer relationships. Total domestic broadband customer net additions were 5,000, total domestic wireless line net additions were 355,000 and total domestic video customer net losses were 614,000.

Residential Connectivity & Platforms Customer Relationships (in thousands)*

                                                                2021                            2022    2023
                                      ------------------------------  ------------------------------  ------
                                          1Q      2Q      3Q      4Q      1Q      2Q      3Q      4Q      1Q
                                      ------  ------  ------  ------  ------  ------  ------  ------  ------
Domestic                              31,149  31,423  31,658  31,809  31,993  31,955  31,928  31,860  31,826
Domestic Net Additions (Losses)          368     274     235     150     184    (38)    (26)    (68)    (34)
International                         18,420  18,305  18,067  18,030  17,908  17,788  17,884  17,939  18,051
International Net Additions (Losses)      86   (116)   (238)    (36)   (122)   (120)      96     55      111

Domestic Video (in thousands)

                                                                2021                            2022    2023
                                      ------------------------------  ------------------------------  ------
                                          1Q      2Q      3Q      4Q      1Q      2Q      3Q      4Q      1Q
                                      ------  ------  ------  ------  ------  ------  ------  ------  ------
Customers                             19,355  18,956  18,549  18,176  17,664  17,144  16,582  16,142  15,528
Net Additions (Losses)                 (491)   (399)   (408)   (373)   (512)   (521)   (561)   (440)   (614)

* Residential Connectivity & Platforms customer relationships generally represent the number of residential customer locations that subscribe to at least one of our services.
International Residential Connectivity & Platforms customer relationships represent customers receiving Sky services in the Connectivity & Platforms markets.
Previously reported total Sky customer relationships of approximately 23 million as of December 31, 2022 also included approximately 5 million customer relationships receiving Sky services outside of the Connectivity & Platforms markets.