Comcast cable video subscribers down 121,000 in 1Q 2019
Thursday, April 25th, 2019PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended March 31, 2019.
Cable Communications
Total Customer Relationships increased by 300,000 to 30.7 million in the first quarter of 2019. Residential customer relationships increased by 276,000 and business customer relationships increased by 25,000. At the end of the first quarter, 67.3% of our residential customers received at least two Xfinity products. Total high-speed internet customer net additions were 375,000, total video customer net losses were 121,000, total voice customer net losses were 53,000 and total security and automation customer net additions were 17,000. In addition, Cable Communications added 170,000 wireless lines in the quarter.
Video Customers (thousands)
2018 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 22,261 22,121 22,015 21,986 Net Additions (Losses) (96) (140) (106) (29) (370) Advanced Services Customers 15,055 15,171 15,276 15,471 2019 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Total 21,865 Net Additions (Losses) (121) Advanced Services Customers 15,556
* Advanced Services Customers subscribe to DVR and/or HDTV services.
Sky
Pro Forma Total Customer Relationships increased by 112,000 to 23.7 million in the first quarter of 2019.
2018 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Customer Relationships 22,903 23,010 23,436 23,600 Customer Relationships Net Additions (Losses) 38 107 426 164 735 Average Monthly Direct-to-Consumer Revenue per Customer Relationship $60.19 $58.79 $56.26 $56.36 $57.67 2019 -------------------------------------- 1Q 2Q 3Q 4Q FY ------ ------ ------ ------ ------ Customer Relationships 23,712 Customer Relationships Net Additions (Losses) 112 Average Monthly Direct-to-Consumer Revenue per Customer Relationship $54.03
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