Wednesday, April 30, 2008

Comcast Adds 492K Broadband Customers in Q1, Penetration at 28%

Comcast reported steady growth in subscribers, revenues, operating cash flow and free cash flow, as the number of high-speed Internet customers topped 14 million and the number of digital voice subscribers topped 5 million.



Some highlights for Q1 2008:



  • Basic video subscribers declined 57,000 or 0.2% during the first quarter


  • Added 494,000 digital cable subscribers during the first quarter -- 65% or 16.0 million video subscribers have digital service compared to 55% or 13.7 million one year ago. ARPU remained stable at $42/ month.


  • 6.9 million or 43% of digital cable subscribers have advanced services such as digital video recorders (DVR) and/or high-definition television service (HDTV) compared to 5.2 million or 38% one year ago


  • During the quarter, 450,000 digital cable customers added advanced services, like DVR and HDTV, to their digital service either by upgrading or as new customers.


  • Added 492,000 high-speed Internet subscribers during the first quarter to reach 14.1 million customers. Penetration reached 28%.


  • High-speed Internet revenue increased 12% to $1.8 billion in the first quarter of 2008 from $1.6 billion in 2007.


  • Added 639,000 Comcast Digital Voice (CDV) customers during the first quarter - penetration reached 12% or 5.1 million customers.


  • Phone revenue increased 65% to $587 million in the first quarter of 2008 from $356 million in 2007.


  • Comcast has 66,000 circuit-switched customers, and expects to wind down that business by mid-year 2008.


  • Advertising revenue increased 6% to $344 million in the first quarter of 2008 from $322 million in 2007, due primarily to one additional week in the broadcast advertising calendar and an increase in political advertising including revenue from the U.S. presidential primary elections.
http://www.comcast.com

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