Comcast Just Lost Another 419,000 Pay TV Subscribers, But Cord-Cutting Appears to Have Finally Decelerated a Bit in Q2

By
published

It's the first time since the end of 2022 in which Comcast's quarterly video attrition hasn't surpassed 12%

Comcast
(Image credit: Getty)

Comcast reported on Tuesday the loss of another 419,000 linear video customers in the second quarter, 11.9% of its based from the year prior, but that was its best pay TV customer quarter since the end of 2022. 

In the second quarter of 2023, Comcast lost 543,000 pay TV subscribers. The cable company hasn't seen its year-over-year rate of video attrition fall below 12% since the fourth quarter of 2022. 

(Image credit: Getty Images)

Comcast, which had more than 22.5 million linear video subscribers at the end of June 2014, ended June 30 of this year with 13.199 million remaining pay TV souls. It had 14.985 million linear video customers as of the end of the second quarter of last year. 

Comcast's revenue from video services declined 7.8% year over year to $6.781 billion in the second quarter. 

Q2 earnings season for the U.S. pay TV business is still in the early stages, but already we're seeing (slight) cord-cutting deceleration at other operators. 

On Monday, Verizon reported the loss of 65,000 Fios-branded pay TV subscriptions, down from 69,000 from April - June of last year. 

Daniel Frankel
Daniel Frankel

Daniel Frankel is the managing editor of Next TV, an internet publishing vertical focused on the business of video streaming. A Los Angeles-based writer and editor who has covered the media and technology industries for more than two decades, Daniel has worked on staff for publications including E! Online, Electronic Media, Mediaweek, Variety, paidContent and GigaOm. You can start living a healthier life with greater wealth and prosperity by following Daniel on Twitter today!