Comcast grew its Connectivity & Platforms segment in the third quarter as the cable giant struggled to reduce subscriber erosion at home.
An increase of 74,000 international customers helped Connectivity & Platforms increase its total customer relationships by 40,000 to 52.3 million. The figure includes the Sky operations in the UK, Germany and Italy.
Total domestic broadband customer net losses were 18,000, total domestic wireless line net additions were 294,000 and total domestic video customer net losses were 490,000.
Connectivity & Platforms adjusted EBITDA increased 3% to $8.2 billion.
Consolidated adjusted EBITDA Increased 5.1% to $10 billion.
“We delivered strong financial results in the third quarter, while also investing in long-term growth, accelerating share repurchase activity and maintaining our healthy balance sheet,” said Brian Roberts, Chairman and Chief Executive Officer, Comcast Corporation.
US streaming service Peacock grew subscribers by nearly 80%, to 28 million, including 4 million in the quarter.
