Comcast Multi-Gig Symmetrical Rollout Starting This Year

Some Comcast broadband customers will have access to multi-gig symmetrical speeds later this year through its DOCSIS 4.0 investments, company officials said Thursday as it announced Q4 2022 earnings. CEO Brian Roberts said its broadband network passings were up 1.4% in 2022, with 840,000 additional addresses, and it's aiming to add around a million in 2023, for a total of 62.5 million by year's end. It had revenue of $30.55 billion in Q4. It finished the quarter with 29.8 million residential broadband customers, up slightly year over year from 29.6 million. Residential video customers were 15.6 million, down from 17.5 million a year prior. Residential voice subscribers were 7.9 million, down from 9.1 million. It ended 2022 with 5.3 million wireless lines, up from just under 4 million a year earlier. With its wireless business having 9% penetration of its residential broadband customers, "we have plenty of runway ahead, and we're just getting started in offering wireless to our commercial segment," Roberts said. Peacock ended 2022 with more than 20 million paying subscribers, more than double from the start of the year, Roberts said. He said that was driven by Universal content, sporting events and next-day broadcasting of NBC. He said content launches are expected to drive further growth, with much of that in the back half of 2023. Peacock losses from its spending on new content should peak this year and steadily improve from there, said Chief Financial Officer Mike Cavanagh. Comcast will launch a universal global user interface this year for Sky Glass, Xfinity, X1, Flex and its Charter Communications joint venture Xumo, Roberts said.