Comcast Sees Profit Rise in Q3

November 4, 2009 World Screen

PHILADELPHIA: Comcast Corporation has released its third-quarter results, with a net income of $944 million, reflecting an 18-percent increase, on revenues that rose 3 percent to $8.8 billion.

Announcing the results, Brian L. Roberts, the chairman and CEO of Comcast Corporation, noted: "The strength and resilience of our businesses combined with our continued emphasis on expenses and prudent capital management helped us achieve healthy operating and financial results in the third quarter. We continued to execute well, maintaining our focus on balancing revenue, cash flow and customer growth while at the same time investing in attractive businesses like Comcast Business Services. We also made real progress on initiatives like Wideband and All-Digital that strengthen our competitive position now and in the future. Our goal is to deliver the best consumer experience in the marketplace and we remain focused on driving meaningful innovation in all of our products and services."

In the Comcast Cable segment, revenues increased 2.8 percent to $8.4 billion. The monthly average total revenue per video customer increased 5.6 percent to $116.91. As of September 30, 2009, Comcast’s video, high-speed Internet and voice customers totaled 46.8 million, an increase of 3.4 percent. The number of video customers was down by 2.7 percent to 23.76 million, but the high-speed Internet based gained by 6.4 percent to 15.7 million and voice customers increased by 20.3 percent to 7.4 million.

In the programming segment, revenues rose by 10.3 percent to $383 million driven by higher affiliate and advertising revenue.

ADVERTISEMENT

Watch GoQuest Media’s Kuma (The Other Wife) in their Exclusive Showcase