Reflecting continued strong consumer demand for its Triple Play services, Comcast’s cable division reported Q2 revenue of $7.3 billion. Cable revenue increased 12% to $14.3 billion for the six months ended June 30, 2007. Some highlights for the quarter:
- Revenue generating unit (RGU) additions increased 94% to a second quarter record of 1.6 million in 2007 from the 830,000 RGUs added in the second quarter of 2006.
- Comcast ended the quarter with 54.2 million RGUs, an increase of 6.5 million units from one year ago.
- Comcast added 823,000 new digital cable subscribers in the second quarter of 2007 — the highest level of quarterly digital additions in company history.
- The number of digital subscribers rose to 14 million or 59% of video subscribers — an increase from 48% digital penetration one year ago.
- During Q2, Comcast Installed a record 2.1 million digital set-top boxes — roughly equal to that deployed in the previous six months combined.
- Basic cable subscribers decreased by 95,000 to 24.1 million during the second quarter of 2007 in what is historically a weak quarter for basic subscriber additions.
- HSD: Added 330,000 high-speed Internet subscribers during the second quarter – penetration now exceeds 26%. Comcast ended the second quarter of 2007 with 12.4 million high-speed Internet subscribers.
- VoIP — added 671,000 Comcast Digital Voice (CDV) customers during the quarter and surpassed 3 million CDV customers and 8% penetration.
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