Comcast (s cmcsa) says it added 144,000 new broadband subscribers during the second quarter of 2011. Thanks to growing demand for higher-speed tiers, the company saw its revenues jump almost 10 percent to $2.2 billion for the quarter. According to Leichtman Research Group, a Durham, N.H.-based market research firm, Comcast had 17.406 million subscribers at the end of the first quarter. At the end of the second quarter, it had 17.55 million broadband subscribers.
However, compared to the first quarter of 2011, net new broadband additions are abysmal. During the first quarter of 2011, Comcast added 418,000 new high-speed Internet customers. I would like to point out that Comcast’s broadband business — Comcast is the largest broadband provider in the U.S. — is seasonal and the new broadband additions ebb and flow during the year.
In addition, Comcast logged voice revenues of $878 million as it added 193,000 new voice customers in comparison with 230,000 customers it added during the second quarter of 2010. Comcast’s Business Services, a relatively young division, saw its revenue jump 41.7 percent from the second quarter of 2010 to $435 million.
Photo of Comcast Tower courtesy of Flickr/Kevin Burkett