Wednesday, July 25, 2007

Comcast Continues Double Digit Growth

Reflecting continued strong consumer demand for its Triple Play services, Comcast's cable division reported Q2 revenue of $7.3 billion. Cable revenue increased 12% to $14.3 billion for the six months ended June 30, 2007. Some highlights for the quarter:

  • Revenue generating unit (RGU) additions increased 94% to a second quarter record of 1.6 million in 2007 from the 830,000 RGUs added in the second quarter of 2006.

  • Comcast ended the quarter with 54.2 million RGUs, an increase of 6.5 million units from one year ago.

  • Comcast added 823,000 new digital cable subscribers in the second quarter of 2007 -- the highest level of quarterly digital additions in company history.

  • The number of digital subscribers rose to 14 million or 59% of video subscribers -- an increase from 48% digital penetration one year ago.

  • During Q2, Comcast Installed a record 2.1 million digital set-top boxes -- roughly equal to that deployed in the previous six months combined.

  • Basic cable subscribers decreased by 95,000 to 24.1 million during the second quarter of 2007 in what is historically a weak quarter for basic subscriber additions.

  • HSD: Added 330,000 high-speed Internet subscribers during the second quarter - penetration now exceeds 26%. Comcast ended the second quarter of 2007 with 12.4 million high-speed Internet subscribers.

  • VoIP -- added 671,000 Comcast Digital Voice (CDV) customers during the quarter and surpassed 3 million CDV customers and 8% penetration.

See also