Comcast saw its TV subscriber losses accelerate to 140,000 in the second quarter, up from 34,000 in the year-earlier period. The cable operator's video revenues were down 1.9 percent year-on-year as the total video customer base dropped 1.8 percent from a year ago to 22.121 million.
Despite the continued impact of cord-cutting, Comcast added 182,000 customer relationships in the quarter, including 147,000 consumers and 36,000 businesses, for a total 29.802 million at the end of June. Broadband growth remained strong, at 260,000 net additions to reach a total base of 26.509 million, which Comcast said was its second-best quarter in ten years. The company also added another 60,000 smart home customers to reach 1.236 million, while voice customers fell by 16,000 to 11.482 million.
Xfinity Mobile gained 204,000 lines in the quarter, to end June with 781,000. Comcast said the mobile business contributed a loss of USD 185 million for the period.
The mobile losses had little impact on Comcast's total results, with EBITDA still up 4.8 percent to USD 7.417 billion. Net profit jumped 27.6 percent to USD 3.216 billion, on revenues up 2.1 percent to USD 21.735 billion. Revenue growth was fueled by a 3.4 percent increase in cable, led by broadband and business services, while NBCUniversal posted flat sales of USD 8.313 billion.
