Comcast Reports 2nd Quarter 2023 Results

Comcast reported results for the second-quarter (Q2) ended June 30, 2023.

• Domestic Broadband Average Rate Per Customer Increased 4.5% and Drove Domestic Broadband Revenue Growth of 4.4%;
• Total domestic broadband customer net losses were 19,000, total domestic wireless line net additions were 316,000 and total domestic video customer net losses were 543,000;
• Growth in residential connectivity revenue was driven by domestic broadband revenue due to higher average rates;
• Growth in international connectivity revenue due to an increase in wireless revenue, reflecting higher sales of devices and wireless services, as well as an increase in broadband revenue; and
• Growth in domestic wireless revenue due to an increase in the number of customer lines.