(credit: Lynn Friedman)
Comcast has been steadily losing cable TV subscribers for years, but it turned things around in the most recent quarter by adding 89,000 video customers.
The 89,000 net additions in Q4 2015 was Comcast's best result on the video subscriber front in eight years, according to today's earnings release. Comcast did lose 36,000 video customers over the entire year, but even that was "the best result in nine years," Comcast said.
The broadband business continued to boom, meanwhile, with net additions of 460,000 in the quarter and 1.4 million for the year. Overall, Comcast now has 22.3 million video customers, 23.3 million Internet customers, and 11.5 million phone customers. The phone business added 139,000 subscribers in the quarter and 282,000 during the full year. Many of the additions came from existing customers adding a service. Comcast's total customer base increased by 281,000 in the quarter and 666,000 in 2015 for a new total of 27.7 million.
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