Comcast cable video subscribers down 490,000 in 3Q 2023
Thursday, October 26th, 2023
PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended September 30, 2023.
Connectivity & Platforms
Total Customer Relationships for Connectivity & Platforms increased by 40,000 to 52.3 million. Increases in international residential connectivity & platforms customer relationships as well as business services connectivity customer relationships were partially offset by a decrease in domestic residential connectivity & platforms customer relationships. Total domestic broadband customer net losses were 18,000, total domestic wireless line net additions were 294,000 and total domestic video customer net losses were 490,000.
Content & Experiences
Content & Experiences adjusted EBITDA increased 10.2% to $2.0 billion, driven by theme parks and moderating Peacock losses.
Peacock paid subscribers increased nearly 80% compared to the prior year period to 28 million, including net additions of 4 million in the quarter. Peacock revenue increased 64% to $830 million and adjusted EBITDA improved compared to the prior year period and also on a sequential basis.
Residential Connectivity & Platforms Customer Relationships (in thousands)*
2021 2022 2023 ---------------------- ------------------------------ ---------------------- 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ Domestic 31,423 31,658 31,809 31,993 31,955 31,928 31,860 31,826 31,761 31,722 Domestic Net Additions (Losses) 274 235 150 184 (38) (26) (68) (34) (65) (39) International 18,305 18,067 18,030 17,908 17,788 17,884 17,939 18,051 17,884 17,958 International Net Additions (Losses) (116) (238) (36) (122) (120) 96 55 111 (167) 74
Domestic Video (in thousands)
2021 2022 2023 ---------------------- ------------------------------ ---------------------- 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ Customers 18,956 18,549 18,176 17,664 17,144 16,582 16,142 15,528 14,985 14,495 Net Additions (Losses) (399) (408) (373) (512) (521) (561) (440) (614) (543) (490)
* 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.
Links: Comcast
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