Comcast’s Xfinity Mobile service enrolled about 781,000 wireless connections just more than one year after its debut.
The cable giant said its wireless service added a net 204,000 connections in the second quarter of the year. Once again, however, the service detracted from the company’s bottom line with a quarterly loss of $185 million.
The company again attributed the loss to costs associated with building its wireless segment, but Comcast officials said they remained happy with its mixture of data plans, its bring-your-own-device program and its impact on service bundles.
Comcast Chairman and CEO Brian Roberts said he was encouraged by the wireless service’s initial results “as well as early signs of the positive impact that wireless is having on our overall relationship with the customer,” according to a transcript of the company’s earnings call.
Xfinity Mobile launched in May 2017 as a low-cost wireless option designed to keep potential cord-cutters enrolled in Comcast’s internet and TV service. Some analysts expect the service could eventually enroll 2 million subscriptions.
Despite continued cable subscriber losses in the quarter, Comcast reported better-than-expected results with earnings of more than $3.2 billion, or $0.69 per share.
Fellow cable giant Charter introduced its own low-cost mobile service late last month, and Altice USA is expected to join them next year.
Filed Under: Carriers
