Comcast on a roll
Just after announcing steady 3Q results, Comcast has upped its year-end projections for digital-cable and high-speed-data customers based on strong growth in those segments.
Comcast finished the quarter with 1.1 million digital subscribers, an increase of 190,000 over the previous period. As a result, Comcast has increased its fourth-quarter digital-subscriber target to 1.35 million customers, up from earlier projections of 1.25 million.
Comcast is the fourth-largest cable company and has 7.5 million subscribers.
In high-speed data, Comcast added 66,000 subscribers in the period, finishing the quarter with more than 303,000 customers. The company increased its year-end estimate to 375,000 high-speed-data subscribers from 350,000.
Comcast added about 250,000 newrevenue-generating units — a closely watched measurement of digital and high-speeddata customers — in the period, finishing with 1.4 million RGUs. The company said it has added 915,000 new RGUs in the past 12 months and it should finish the year with 1.725 million.