Erik Gruenwedel
April 25, 2018
Comcast Cable April 25 said it lost 96,000 video subscribers in the fiscal first quarter (ended March 31), compared to adding 42,000 subs in the previous-year period. The cabler ended the period with 22.2 million video subs – down 288,000 subs from 22.5 million last year.
The decline underscores ongoing secular declines in pay-TV to alternative distribution channels as witnessed by Comcast shedding 151,000 video subs in 2017. The cabler gained 161,000 subs in 2016.
Meanwhile, Comcast added 379,000 high-speed Internet subscribers, which was down from 429,000 additions last year. The cabler ended the period with 26.2 million broadband subs compared to 25.1 million subs during the previous-year period.
Indeed, Comcast added more than 1.1 million high-speed Internet subscribers over the past year.
“Our steady increase in customer relationships continued, balanced with solid growth in [pre-tax earnings], reflecting momentum in our high-speed Internet and business services segments,” CEO Brian Roberts said in a statement.
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