Comcast officials said the cable giant is pleased with the results from its Xfinity Mobile wireless segment more than 13 months after its debut.
The company reported adding 204,000 net wireless connections in the second quarter of the year and said about 781,000 connections were enrolled in the service at the end of June.
Although the segment contributed a loss of $185 million to the company’s overall bottom line, officials again blamed that result on ongoing start-up costs and said they were happy with Xfinity Mobile’s impact on service bundles, mixture of data plans and bring-your-own-device program.
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.
Chairman and CEO Brian Roberts said he was encouraged by the 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.
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.