April 25, 2019
Subscriber losses to linear pay-TV in the United States keep adding up.
Comcast April 25 said it lost 107,000 residential video subscribers in the first quarter, ended March 31. That compared to a loss of 93,000 video subs in the previous-year period.
Comcast Cable ended the period with 20.8 million video subs, down 358,000 subs from the previous-year period.
The cable operator also lost 14,000 business video subs to end the period with about 1.01 million compared to 1.05 million last year.
Offsetting in part video sub declines, Comcast added 352,000 high-speed Internet customers, up 1,000 from last year.
The company ended the period with 25.4 million broadband subs compared to 24.2 million last year.
Comcast also added 23,000 broadband business customers to top 2.1 million customers – up from 2 million in the previous-year period.
“Comcast Cable had the best quarterly [pre-tax] growth in over a decade,” Comcast chairman Brian Roberts said in a statement.
Separately, new business unit Sky upped its total subscriber count by 112,000 compared to a gain of 38,000 subs in the previous-year period.
The London-based satellite operator with business units in Germany and Italy ended the period with 23.7 million subs – up 809,000 subs from 22.9 million customers last year.
Sky generated $3.8 billion in direct-to-consumer revenue, which was down from $4.1 billion last year. DTC revenue also includes transactions such as packaged media, over-the-top video daily, weekly and monthly passes, pay-per-view and “buy-to-keep” content.
The Sky Store includes a DVD with every digital movie/TV show purchase.