Comcast nudges past 50 million total subscribers
Comcast (Nasdaq: CMCSA) reported third quarter 2012 earnings today, with results highlighted by the fact that the company's total number of video, broadband Internet and voice telephony customers has surpassed 50 million. Comcast reported about 50.8 million customers combined of the three services as of the third quarter this year, compared to about 49.3 million customers for the same quarter of last year.
Most of the 28.1 percent increase in subscribers came, not surprisingly, from the high-speed Internet segment, which saw 287,000 net additions in the most recent quarter to give Comcast just over 19 million broadband Internet customers overall, compared to about 17.8 million after the third quarter 2011. The telephony segment experienced new additions of about 123,000 last quarter to reach almost 9.8 million overall, compared to almost 9.2 million after the third quarter 2011.
The pace of voice telephony subscriber growth did slow year-over-year, with 133,000 phone subscribers having been added in Q3 2011. The rate of broadband Internet user growth was up year-over-year from 261,000 in Q3 2011.
The drag on the subscriber totals continued to be in video, where Comcast lost 117,000 subscribers to end the quarter with just over 22 million overall, though the quarterly subscribers loss was well off the 176,000-customer decline of the second quarter this year, and also was lower than in Q3 2011, when Comcast waved good-bye to 165,000 video subscribers.
Meanwhile, the London Olympics this summer helped Comcast's NBCUniversal unit to a 30.1 percent jump in revenue, which helped Comcast overall to a 15.4 increase in consolidated revenue and a leap of 136 percent in earnings per share.
- here's the Comcast release