Add as a preferred source on GoogleComcast Wireless Revenue Rises 14.7% as Broadband Losses Reach 144,000
Wireless service revenue reached $1.05 billion. Domestic residential broadband losses were fewer than in Q2 but higher than a year earlier.
Comcast’s domestic wireless service revenue rose 14.7% in the third quarter, while broadband customer losses exceeded the year-earlier level and the company added 368,000 wireless lines.
The company lost 144,000 domestic residential broadband customers in the quarter ended Sept. 30. That was more than the 91,000 lost a year earlier, but fewer than the 167,000 lost in Q2. Domestic broadband revenue fell 4.7% to $6.241 billion.
Comcast’s total revenue dropped 6.1% to $29.298 billion from $31.198 billion. After adjusting for the Versant separation and the sale of Sky’s German operations, Comcast’s revenue rose 0.5% from a comparable $29.151 billion.
Adjusted earnings per share declined 4% to $1.07 from $1.12. Reported diluted earnings per share rose 7.2% to 97 cents from 90 cents.
Comcast co-CEOs Brian L. Roberts and Mike Cavanagh said near-term results “reflect the investments we’re making.” The company’s Media and Connectivity & Platforms results provide more detail on its quarterly segments.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.