Comcast Corp. announced October 25th that it added “228,000 Xfinity Mobile subscribers in Q3, compared to 204,000 adds in Q2, expanding the company’s total mobile base beyond 1 million total lines.” Comcast introduced Xfinity Mobile in May 2017.
While Comcast has yet to see profit from Xfinity Mobile sales, the bundling of their mobile service with their broadband package, CEO of Comcast Cable Dave Watson believes this will be a positive lift for the company.
Dave Watson said the company is encouraged by the results of Xfinity Mobile thus and the strategy it’s using to bundle mobile with broadband.
“Churn is up at AT&T and Verizon after years of decline, but this level of growth by Comcast does not likely concern the wireless industry.”
CEO of Comcast Cable, Dave Watson
In Q3, Comcast lost 106,000 total video customers — 95,000 residential subs and 11,000 business subs. It ended the period with 20.97 million residential video subs. Some 65% of that residential base is on Comcast’s X1 platform.
Broadband was a big bright spot, as Comcast added a total of 363,000 subs (334,000 from residential customers), its best Q3 result in ten years. Comcast, which recently wrapped up its DOCSIS 3.1 deployment, said 70% of its base of 24.77 million broadband subs, get speeds of 100 Mbit/s or more.
Business services climbed 10.6%, to $1.8 billion, in Q3, putting the company on an annual run-rate of $7.2 billion in that category.
All in all, Comcast continues to expand its products to fit the needs of the customers and adjusts where possible. The Q3 results show improvement but also areas of where products could be enhanced or potentially retired all together. It will be interesting to see once Q4 results come out which products/services may be altered come 2019.
