Mixed Reception For Comcast in Q2

30 July 2007

PHILADELPHIA: Comcast revealed year-on-year declines in new cable and broadband subscribers during the second quarter of 2007, triggering concerns that demand for its bundled phone, TV and web offering may be starting to slow.

Its 'triple play' service has seen subscriptions grow at a higher rate than many of its competitors in recent months, including a number of phone companies seeking to make headway in the market.

Despite the fact Comcast posted a 28% increase in earnings in Q2, it lost 95,000 TV subscribers overall, while its gain of 330,000 broadband users was 3,000 down on the previous year.

Digital TV subscriptions rose by 823,000 (more than double the number in the year earlier period), ahead of a government deadline for the introduction of more expensive set-top boxes by cable providers in an effort to stimulate competition.

Data sourced from Wall Street Journal Online. additional content by WARC staff