Wednesday, October 24, 2007

Comcast Adds 450K Cable Modem Users, 662K VoIP in Q3

Comcast's cable segment revenue increased 11% to $7.4 billion for the third quarter of 2007 as compared to $6.7 billion in the third quarter of 2006. The company attributed the growth to consumer demand for its Comcast Triple Play offering.

Some highlights for Q3:

  • Revenue generating units (RGUs) increased 1.4 million, a decrease from the 1.5 million additions reported in the third quarter of 2006. The company ended Q3 with 55.8 million RGUs, a 13% increase from the 49.4 million reported one year ago.

  • Comcast added 489,000 digital cable customers compared to 559,000 digital cable customers added in the same quarter of 2006. This gives Comcast 14.7 million digital customers or 61% of basic cable subscribers compared to 50% one year ago. The digital cable customer additions in the third quarter of 2007 include 113,000 full digital cable and 376,000 digital starter subscribers.

  • 5.8 million or 40% of digital cable subscribers take advanced services such as digital video recorders (DVR) and high-definition television (HDTV) compared to 4.0 million or 33% one year ago.

  • added 450,000 high-speed Internet subscribers. Penetration is now at 27%. Comcast ended the quarter with 12.9 million high-speed Internet subscribers.

  • added 662,000 Comcast Digital Voice (CDV) customers during the quarter. Penetration has reached 9%. The service is now being marketed to 40 million homes representing 83% of Comcast's footprint. Phone revenue increased 86% to $472 million in the third quarter of 2007 from $253 million in 2006.

  • CAPEX increased 19% to $1.5 billion in the third quarter of 2007 compared to $1.3 billion in the same period a year ago.

See also