Comcast's Profits Rise; Video Subs Fall
(May 2, 2012)
-- Comcast announced today that its first quarter profit rose 30
percent thanks in part to advertising fees collected from NBC's
broadcast of the Super Bowl and a continued rise in Broadband
The cable operator, which has had difficulty keeping video
subscribers on board, lost 37,000 video customers in the first
quarter. However, the losses show a marked improvement on
previous quarters when the losses were far greater. Comcast has
lost approximately 1.6 million video subs over the last two and
a half years, but still has more than 22 million.
The cable operator said it added 439,000 Broadband subs in the
first quarter, a five percent increase over last year's first
quarter result. Voice subs fell 37 percent from last year.
NBC, which is now owned by Comcast, registered the company's
biggest growth with revenues rising 18 percent.