Comcast, Cox Post Record Cable Modem Sub Adds in Q3
Comcast Corp., America's largest cable operator, added 549,100 broadband Internet subscribers during the third quarter of 2004, the company's highest total ever. Comcast's stellar Q3 marks a 67.9% improvement over its weak second quarter cable modem customer additions, and is 16.1% higher than its previous record, set in the third quarter of 2003. Comcast counted 6.55 million broadband Internet subscribers as of September 30. Revenues for the service increased 37.9% from the third quarter of 2003 to $808 million with average monthly revenue per subscriber of $42.91. For its part, Cox Communications added 184,446 cable modem subs in Q3 -- an 89.1% increase over Q2 -- to bring its total to 2.43 million as of September 30. Cox also added a record 82,596 telephone customers, bring its total in that category to 1.21 million at the end of Q3. Following a pitiful first half of 2004 for North American cable operators in broadband Internet subscriber additions, it is encouraging to see both Comcast and Cox turn in a sizzling Q3. Way to go! By comparison, America's largest telco added a healthy 402,000 DSL customers in Q3, up 27.6% from Q2, but 9.8% less than its record Q1 this year.