Still riding high on Wednesday's announcement of its new wireless joint venture with Sprint Nextel and three other MSOs, Comcast Corp. reported healthy, if not sterling, growth of its three major digital products in the third quarter.
In its Q3 earnings report this morning, Comcast said it added 307,000 digital video subscribers, down from 341,000 a year ago, to boost its total to more than 9.4 million. It also deployed 326,000 advanced digital set-top boxes with digital video recording (DVR) and/or high-definition TV (HDTV) programming capabilities in the summer quarter, lifting that total to 2.3 million.
On the broadband front, North America's largest MSO netted 437,000 high-speed data customers, down from a record 549,000 a year ago, to raise its total to more than 8.1 million. For the first time, the company's cable modem revenue surpassed $1 billion in a quarter.
Comcast also added 46,000 voice-over-IP (VoIP) subscribers in the third quarter. more than offsetting the loss of 34,000 circuit-swtched phone customers. The MSO, which is now aiming to sign up 200,000 to 250,000 IP phone customers by the end of the year, has enlisted just 68,000 so far. But, with the product now launched in 21 markets and available to at least 12 million homes, Comcast executives said they remain on track to reach their year-end goal.