3Q Sub Growth Boosts Comcast
Philadelphia -- Comcast Corp. increased its year-end projections for digital-cable and high-speed-data customers based on strong growth in those segments in the third quarter ended Sept. 30.
Comcast finished the quarter with 1.1 million digital subscribers, an increase of 190,000 over the previous quarter. As a result, Comcast has increased its fourth-quarter digital-subscriber target to 1.35 million customers, up from earlier projections of 1.25 million.
In high-speed data, Comcast added 66,000 subscribers in the period, finishing the quarter with more than 303,000 customers. The company increased its year-end estimate to 375,000 high-speed-data subscribers from 350,000.
Comcast added about 250,000 new-revenue-generating units -- a closely watched measurement of digital and high-speed-data customers -- in the period, finishing with 1.4 million RGUs. The company said it has added 915,000 new RGUs in the past 12 months and it should finish the year with 1.725 million.
"We could not be more pleased with this outstanding performance," Comcast president Brian Roberts said in a prepared statement.
Overall, pro forma revenue increased 8.6 percent and operating cash flow was up 11.9 percent in the period. In the cable division, revenue increased 7.9 percent to $1.1 billion and cash flow rose 10.1 percent to $496.5 million.
Basic-subscriber growth in the period was 1.1 percent. Comcast has 7.5 million subscribers.
- 11/6/00 |
