Comcast cable video subscribers down 543,000 in 2Q 2023

PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended June 30, 2023.

Content & Experiences

Peacock paid subscribers nearly doubled compared to the prior year period to 24 million. Peacock revenue increased 85% to $820 million.

Connectivity & Platforms

Total Customer Relationships for Connectivity & Platforms decreased by 228,000 to 52.3 million. Decreases in international residential connectivity & platforms customer relationships as well as domestic residential connectivity & platforms customer relationships were partially offset by an increase in business services connectivity customer relationships. Total domestic broadband customer net losses were 19,000, total domestic wireless line net additions were 316,000 and total domestic video customer net losses were 543,000.

Residential Connectivity & Platforms Customer Relationships (in thousands)*

                                                                2021                            2022            2023
                                      ------------------------------  ------------------------------  --------------
                                          1Q      2Q      3Q      4Q      1Q      2Q      3Q      4Q      1Q      2Q
                                      ------  ------  ------  ------  ------  ------  ------  ------  ------  ------
Domestic                              31,149  31,423  31,658  31,809  31,993  31,955  31,928  31,860  31,826  31,761
Domestic Net Additions (Losses)          368     274     235     150     184    (38)    (26)    (68)    (34)    (65)
International                         18,420  18,305  18,067  18,030  17,908  17,788  17,884  17,939  18,051  17,884
International Net Additions (Losses)      86   (116)   (238)    (36)   (122)   (120)      96     55      111   (167)

Domestic Video (in thousands)

                                                                2021                            2022            2023
                                      ------------------------------  ------------------------------  --------------
                                          1Q      2Q      3Q      4Q      1Q      2Q      3Q      4Q      1Q      2Q
                                      ------  ------  ------  ------  ------  ------  ------  ------  ------  ------
Customers                             19,355  18,956  18,549  18,176  17,664  17,144  16,582  16,142  15,528  14,985
Net Additions (Losses)                 (491)   (399)   (408)   (373)   (512)   (521)   (561)   (440)   (614)   (543)

* 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.