Comcast cable video subscribers down 490,000 in 3Q 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.