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Comcast Posts Higher Digital, Lower Data Gains

Comcast Corp. posted slightly lower-than-expected but still healthy financial and operating results for the second quarter, thanks to continued strong sales for its high-end digital video services. North America's largest MSO signed up 284,000 digital cable subscribers in the spring, up from 200,000 in the first quarter and 206,000 a year ago, to boost its total digital customer count to more than 9.1 million. Comcast technicians installed nearly another 300,000 high-definition (HD) and digital video recoder (DVR) set-top boxes in the quarter, after installing 425,000 advanced digital boxes in the first quarter. But Comcast's high-speed data gains slumped further in the spring. The MSO added 297,000 high-speed data subscribers in the second quarter, its worst performance in at least a year and a half, as the Baby Bells stepped up their DSL promotional campaigns. The company ended the quarter with more than 7.7 million data subscribers, up from 6.0 million a year ago. Comcast, which signed up 7,000 voice-over-IP (VoIP) customers in the first quarter, enlisted another 15,000 subscribers for its new "Digital Voice" product in the spring as it rolled out the service to a few more markets. But the MSO lost another 13,000 circuit-switched phone customers, nearly negating its VoIP gains.
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