Comcast Xfinity Statistics

Comcast has been a market leader in the telecommunications industry for over half a century. These days, its expansion ventures include TV, broadband, voice, and security. However, Comcast and Xfinity are bound by market trends. Here are some interesting statistics and facts about Xfinity, analyzing its past, present, and future.

Comcast Facts

• Comcast is the fourth-largest telecommunication company in terms of market capitalization, behind T-Mobile US, China Mobile, and Verizon.
• This makes Comcast the third-largest telecommunication company in the United States based on the market capitalization criterion.
• Comcast’s current market capitalization is $160.1 billion.

• Since its inception in 1963, Comcast Corporation has evolved as a telecommunications provider and has expanded its territories to TV, video, advertisement, production, etc.
• Among other companies, Microsoft invested $1 billion in Comcast, and this investment was critical in expanding the company’s connectivity options.
• Xfinity from Comcast was launched in 2010, and this sector has been serving television, internet, and telephone services to places across the US.
• Like many other corporations, Comcast Corporation also works with multiple initiatives to offer affordable internet access to low-income families and underprivileged communities.

Comcast User Statistics

• According to data from 2023, Comcast has a total of 32.25 million Broadband Internet customers. Out of these, 29.75 million belong to the residential internet customer category.

• It also means close to 2.50 million business customers use Comcast Broadband Internet services to power their enterprise situations.
• According to the Q3 2024 earnings report from Comcast, the company witnessed a loss of 365,000 video customers.
• In the same period, 87,000 broadband subscribers also left Comcast for other service providers—or gave up a wired internet connection.
• However, the Q3 earnings report also indicates the addition of 319,000 wireless subscribers. Comcast managed to gather 18,000 more wireless subscribers than market analysts had predicted.

Comcast Revenue Statistics

• In the third quarter of 2024, Comcast reported a total revenue of $32.07 billion. When compared to the numbers from Q3 2023, Comcast has recorded a 6.5% increase.
• The same quarterly report indicates that the free cash flow was $3.4 billion, suggesting that Comcast had a steady run.

• The numbers in Q3 2024 are higher than what the second quarter of 2024 had recorded. In Q2 2024, the total revenue was at $29.69 billion.
• In Q3 2024, Comcast Corporation reported a net income of $3.63 billion. This amount marks a year-to-year loss since Q3 2023 had reported $4.48 billion.
• Comcast reported the highest net income of $14.99 billion in Q4 2017.

Comcast Revenue – Broadband Internet Segment

• Even though Comcast lost a number of broadband customers, the overall revenue from broadband increased by 2.7% compared to Q2 2024.
• According to the latest quarterly earnings report, Comcast reported a domestic broadband revenue of $6.539 billion. This number marks a 2.7% year-to-year growth and indicates an ARPU increase of 3.6%.
• In the first quarter of 2024, the broadband revenue was $6.591 billion, followed by $6.569 billion in the second quarter of 2024.

• In 2023, the Connectivity and Platforms segment of Comcast was responsible for 67% of the overall revenue the corporation had accumulated.
• The consistent growth of Comcast’s revenue from the broadband internet segment has led analysts to predict positive development by the end of 2024.

Comcast Revenue – Mobile Segment

• Comcast appears to generate considerable revenue from its mobile segment. In the third quarter of 2024, the company made $1.093 billion.
• Compared to the earnings in the third quarter of 2023, the current number marks a 19.2% increase. It happens at the same time when Comcast is losing the number of wired broadband subscribers.
• Substantiating these claims, Comcast saw the rise of wireless customer lines by 20%, bringing the total to 7.5 million.

Comcast Revenue – Television Segment

• According to the Q3 2024 earnings report, Comcast generated a total revenue of $6.71 billion from the Video segment.
• Compared to the revenue in Q3 2023, which was at $7.15 billion, the year-to-year growth is declining. However, considering the loss of video subscribers, this number is not surprising.
• Regardless of the decline, revenue from the Television segment remains a significant contributor to the overall revenue Comcast generates from the Residential Connectivity & Platforms sector.

Xfinity Internet Statistics

Let’s check out some numbers on Xfinity Internet, the broadband service from Comcast.

• As of 2023, Xfinity Internet is home to 32.25 million broadband customers, but the number has been declining in the previous years, and 2023 marked a loss of 66,000 subscribers compared to 2022.
• Out of the total 32.25 million broadband customers, 29.75 million are residential, whereas 2.5 million customers are business clients.

• Comcast Xfinity Internet customers, on average, get a download speed of 155.68 Mbps, which is on the higher side.
• In addition to conventional broadband connections, Comcast Xfinity also offers fiber-optic connections, which can provide speeds up to 6,000 Mbps.
• Xfinity Internet remains one of the most widely accessible Internet providers in the country thanks to its coverage of 35.79% of the entire U.S. population.
• With most Xfinity Internet plans, you get a 1.2 TB data cap, which means lower speeds beyond this limit.
• There is also a $10 fee that customers can pay for an additional 50 GB of data. Xfinity, however, caps the maximum to $100 in this category.
• Market competition and saturation have taken a toll on the number of Xfinity Internet subscribers, and the impact of this decision is seen in the first quarter of 2024.

Xfinity Gateways

• As a part of the broadband service, Xfinity offers multiple xFi Xfinity gateways, including xFi Advanced Gateway XB6, XB7, and XB8.
• In addition to this, Xfinity is also working on an upcoming xFi Advanced Gateway, which will bring WiFi 7 support and can handle up to 300 devices at the same time.

• Unlike other broadband services, Xfinity gateways are also equipped to handle advanced security features and offer the best support for smartphone connectivity.
• Xfinity Gateways continues to receive praise from experts and customers because of its easy-to-use design and features.

Xfinity TV & Streaming Statistics

• According to the third quarterly earnings report from Comcast, Xfinity TV has 12.834 million subscribers.
• However, compared to the numbers from the third quarter of 2023, Xfinity TV has lost 365,000 total customers, indicating the declining popularity of conventional TV services.
• As a result of this negative trend that affects the revenue possibilities from TV, Comcast has plans to spin off some of its ventures in the TV segment, including cable networks.
• Streaming services from Comcast, on the other hand, continue to gain momentum. Peacock reported an addition of 3 million subscribers in Q3 2024.
• As of Q3 2024, Peacock has a total subscriber base of 36 million, making it a top player in the sector. It has also generated 82% more income, thanks to live events such as the 2024 Paris Olympics.
• Even though Comcast suffers a loss from cord-cutting measures from its TV subscribers, the company seems to balance the books due to its investments in the streaming sector.

Xfinity Home Security Statistics

• Home security and automation services from Comcast Xfinity have been showcasing steady growth in the past five years.
• Compared to other service providers, Xfinity Home Security offers affordable plans that start at $30 per month.
• Home security services are becoming increasingly popular in the United States, with close to 3 out of 10 homes getting a security system for residential spaces.

Comprehensive Comcast Subscribers Stats

Here’s how the number of Comcast subscribers has changed over time and how they relate to the changes in the market.

TV

• In Q1 2014, Comcast had reported a total of 22.6 million TV subscribers. However, starting from 2017, the numbers have been on a steady decline.
• According to Q3 2024, Comcast TV has only 12.8 million subscribers in the United States, close to half of what it had 10 years ago.

• Like other pay TV service providers, Comcast TV also suffered a considerable loss in the number of TV subscribers due to the increasing popularity of other entertainment options.
• Popular networks like USA Network and Syfy have penetrated 71 million US households in 2024, as per the Q3 earnings report.

Internet

• The number of subscribers to Comcast’s broadband services has been on a steady rise since 2006. In 2006, there were 11 million customers.
• Within 10 years, Comcast’s broadband services had managed to double the number of subscribers. In doing so, it recorded 24.7 million customers.
• Although it reached the 30 million mark in 2020, the growth has been somewhat stagnant in recent years.
• The number of internet subscribers has been 32.06, 32.32, and 32.25 million in 2021, 2022, and 2023, respectively.
• For the first time in history, Comcast saw a decline in the number of broadband internet customers in 2023, bringing the number to 32.25 from 32.32 million.

Voice

1. As of 2022, Comcast offers voice services to 9,062 residential customers
2. During the 10 years between 2006 and 2016, Comcast voice services reached a peak of 11.4 million.
3. However, after 2022, there has been a decline in the number, which reached less than 10 million.
4. Over the past five years, Comcast has focused less on voice services, as statistics also reveal.

Security

• Even though it seems to be growing, there are no official statistics on the number of Xfinity Security customers.

Conclusion

What do you think about these Comcast and Xfinity statistics? Though there are some dips, Comcast appears to be on steady growth, thanks to its strategic decisions. We will likely see more offshoots from the giant in terms of spin-offs.