Comcast

Comcast Reports 4th Quarter 2023 Results

Comcast Corporation reported results for the 4th quarter that ended December 31, 2023. Growth in residential connectivity revenue was driven by international connectivity revenue due to increases in wireless revenue, reflecting higher sales of wireless devices and services, and in broadband revenue, as well as the positive impact of foreign currency; domestic broadband revenue due to higher average rates; and domestic wireless revenue due to an increase in the number of customer lines.

Funding the Affordable Connectivity Program is Critical for Our Country’s Future

Our world increasingly operates online, and the Internet has forever changed our way of life.

Comcast Bleeding Broadband Customers

Comcast reported results for the third quarter (Q3) ended September 30, 2023. The company reported the domestic broadband average rate per customer increased by 3.9 percent and drove domestic broadband revenue growth of 3.8 percent. Fierce reported that Comcast continued to lose broadband subscribers in the third quarter, with executives predicting slightly higher losses for Q4. However, the company touted an uptick in broadband average revenue per user (ARPU).

Comcast NBCUniversal Foundation Awards $17,500 Grant to Tri-County Cradle to Career Collaborative in Charleston, South Carolina

Comcast awarded a $17,500 grant to Tri-County Cradle to Career Collaborative (TCCC), a nonprofit in Berkeley, Charleston and Dorchester (SC) counties. The funds from this grant are designed to educate more than 300 families living in rural and urban neighborhoods on the importance of broadband adoption in the home.

Comcast is selling its 600MHz spectrum licenses to T-Mobile because it’s ‘unlikely’ to need them

Several years ago, Comcast acquired wireless spectrum in the CBRS and 600 MHz bands as a key building block to host even more data traffic on its own wireless networks. Beginning Sept 2023, after successful employee tests of the CBRS spectrum, Xfinity Mobile and Comcast Business Mobile customers in Philadelphia will start connecting to the company's new 5G network for the first time. This strong CBRS spectrum performance has made Comcast realize that it is unlikely to need the 600 MHz spectrum licenses that it currently holds to support wireless customers.

The Transformative Power of the Affordable Connectivity Program

The federal government’s Affordable Connectivity Program (ACP) announced a new milestone. Launched nearly two years ago in 2021, it has now connected more than 20 million households to the Internet. This is a remarkable achievement and we at Comcast are proud to participate in the program.

Comcast Is The First Internet Provider to Offer a Back-Up Connectivity Device Designed to Keep Customers Connected During a Storm

Comcast becomes the first internet service provider to offer a product designed to maintain connectivity when a storm hits, trees are down, or a customer experiences a local outage, with the launch of Storm-Ready WiFi. With severe weather impacting many parts of the country, there has never been a greater need for a back-up connectivity solution.

Comcast Reports 2nd Quarter 2023 Results

Comcast reported results for the second-quarter (Q2) ended June 30, 2023.

Comcast Reports 1st Quarter 2023 Results

Comcast reported results for the quarter ended March 31, 2023. The company reported that its domestic broadband average rate per customer increased by 4.5%, driving domestic broadband revenue growth of 4.8% to $6.3 billion. Total domestic broadband customer net additions were 5,000, total domestic wireless line net additions were 355,000, and total domestic video customer net losses were 614,000. Residential connectivity revenue increased, driven by domestic broadband, domestic wireless, and international connectivity revenue growth.

Comcast is Investing $280 Million to Upgrade our Network, Expand Internet Service, and Support Communities in the Pacific Northwest

Comcast’s new Pacific Northwest Region is investing $280 million in 2023 to offer multi-gigabit Internet speeds to more than four million locations, expand broadband and video services to more than 60,000 additional homes and businesses, and provide donations and in-kind services to communities throughout Oregon and Washington. The investment will significantly expand and evolve the availability of the Xfinity 10G Network across the Pacific Northwest in 2023.

Comcast Reports 4th Quarter and Full Year 2022 Results

Comcast reported results for the quarter and year that ended December 31, 2022. Highlights in Comcast's broadband developments include the following:

Comcast Reports 3rd Quarter 2022 Results

According to Comcast's 3rd quarter 2022 report results, Comcast delivered solid growth in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) and adjusted earnings per share (EPS), generated significant free cash flow, invested in the businesses’ future, and returned a record amount of capital to our shareholders. In cable, the company grew adjusted EBITDA by more than 5% and achieved its highest adjusted EBITDA margin on record despite a challenging competitive environment. Additionally, Comcast experienced the following highlights in broadband:

Comcast Boosting Speeds for more than 20 Million Xfinity Internet Customers Across the Country

Comcast is boosting internet speeds for more than 20 million of its Xfinity broadband customers, doubling the download rate on one of its lower tier plans and increasing the speed by 33% on two others. All told, it is bumping up speeds on five service tiers across its territories. Users on Comcast’s Performance/Connect More plan (the name varies by region) will see the biggest jump, with their download rate doubling from 100 Mbps to 200 Mbps. Speeds on the base Performance Starter/Connect plan are getting a 50% increase from 50 Mbps to 75 Mbps.

Comcast Reports 2nd Quarter 2022 Results

Comcast failed to gain broadband subscribers for the first time in its history. Comcast had 32.16 million subscribers at the end of the second quarter, the exact same number it had at the end of the first. The company lost about 10,000 net broadband residential subscribers compared with the first quarter, while it added about 10,000 business-services broadband customers. Despite the broadband-subscriber slowdown, company executives said there have been few broadband customers leaving Comcast. In past quarters, the company has attributed the slowdown to fewer people changing homes.

Comcast added 262,000 broadband customers in the first quarter 0f 2022

Comcast added 262,000 high-speed internet customers in the first quarter 0f 2022. Revenue increased 4.7% to $16.5 billion in the first quarter of 2022, driven by increases in broadband, business services, wireless, advertising, and other revenue, partially offset by decreases in video and voice revenue. Broadband revenue increased 8.0% due to an increase in the number of residential broadband customers and an increase in average rates. Wireless revenue increased 32.0%, primarily due to an increase in the number of customer lines.

Comcast Increases Internet Speeds For Most Customers From Maine Through Virginia

Comcast announced that it has increased speeds for its most popular Xfinity Internet tiers, providing an extra boost for millions of residential customers across 14 northeastern states from Maine through Virginia and Washington (DC).

2021 Network Report

After hitting historic peaks in 2020, traffic on the Comcast network grew again in 2021. Data show a gradual shift throughout the year toward pre-pandemic traffic patterns. This included peak downstream traffic once again increasing faster than upstream traffic, and peak usage times shifting from earlier in the day to later in the evening. Peak downstream (download) traffic increased 11 percent over 2020 levels, while peak upstream (upload) traffic increased 5 percent.

Comcast Expands Affordable Connectivity Program Offers with Internet Essentials and Xfinity Mobile

Comcast is participating in the federal government’s Affordable Connectivity Program (ACP) and the $30/month benefit can be applied to any tier of Xfinity Internet service. On March 1, Comcast introduced two new ways for customers to connect through the ACP and both are available to any customer who qualifies in all the company’s service areas. Customers can sign up for Internet Essentials Plus, which includes 100 Mbps download speeds, a cable modem, and WiFi router, and is free after the government’s ACP credit is applied.

Comcast Expands Digital Equity Efforts to Recognize National Veterans and Military Families Month

To help recognize National Veterans and Military Families Month, Comcast announced it would install free WiFi in up to 100 veteran-focused facilities as part of its expanding Lift Zones program. Lift Zones provide free WiFi access outside the home in neighborhood community centers. They complement Comcast’s Internet Essentials program, which provides low-cost broadband to eligible consumers, including veterans, inside the home. Both efforts are part of Project UP, Comcast’s comprehensive, ten year, $1 billion commitment to help build a future of unlimited possibilities.