Comcast said Wednesday that it lost 39,000 video subscribers in the first quarter, widening its loss compared to the 17,000 basic cable customers that it lost in the fourth quarter of 2011. But the MSO's subscriber loss was similar to the 39,000 video customers that it lost during the same period last year.
The nation's largest cable MSO continues to post strong gains in high-speed Internet and phone subscribers, picking up 439,000 cable modem and 164,000 voice customers. It added a total of 565,000 combined video, high-speed Internet and voice customers.
The average Comcast subscriber spent $143.40 monthly during the first quarter, up 7.8 percent compared to the first quarter of 2011. Comcast attributed the increased subscriber revenue to rate increases and more customers bundling multiple products.
Revenue jumped 22.7 percent to $14.9 billion, and operating income increased 24 percent to $2.8 billion. It posted earnings per share of 45 cents, up 32.4 percent compared to this time last year.
Revenue at its NBCUniversal unit jumped 18 percent to $4.6 billion, with Comcast attributing some of the gains to NBC's broadcast of Super Bowl 46 in February. Revenue from its cable networks group, which includes USA Network, MSNBC, CNBC and NBC Sports Network, jumped 5.8 percent to $2.02 billion.