The closure of business offices, bars, and restaurants resulted in the loss of 27,000 customer relationships at leading cable operators' commercial segments during the second quarter. Revenues, meanwhile, grew 1.8% annually to $4.11 billion. The segment's contribution to these operators' subscription receipts remained steady at 14.1% during the latest quarter.
Overall, commercial revenues for the group were up a relatively solid 3.7% year over year in the first six months of 2020, with industry leader Comcast even growing the segment by nearly 6% in the interval, despite the strong COVID-19 pandemic headwinds. For the quarter ended June 30, Comcast recorded the largest absolute subscriber hit, reporting a net loss of 24,000 customer relationships during the period, but overall commercial subscribers were up 1.2% in the 12 months ended June 30. Charter reported a net gain of 4,000 small and midsize business customer relationships during the quarter and Enterprise PSUs up by 1,000.
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