Comcast’s Q4 2018: Broadband Revenue Rises 10.1% to $4.4 Billion

  • Comcast
PHILADELPHIA —Comcast high-speed internet revenue increased 10.1 percent, driven by an increase in the number of residential high-speed internet customers and rate adjustments, according to Comcast Corporation reported results for year ending December 31, 2018.

For the twelve months ended December 31, 2018, Cable revenue increased 3.9 percent to $55.1 billion compared to 2017, primarily driven by growth in high-speed internet, business services and advertising revenue, partially offset by a decrease in video revenue.

For the year ended December 31, 2018, total customer relationships increased by 1.0 million. Residential customer relationships increased by 878,000 and business customer relationships increased by 123,000. Total high-speed internet customer net additions were 1.4 million, total video customer net losses were 370,000, total voice customer net losses were 103,000 and total security and automation customer net additions were 186,000.

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