Profit Soars at Comcast

PHILADELPHIA, February 1: Comcast Corporation’s chairman and
CEO, Brian Roberts, says 2006 was the company’s “best year ever,” with fourth
quarter profits tripling to $390 million and year-end profit more than doubling
from $928 million to $2.5 billion.

"Powered by our triple play offering and superior
products, we added more RGUs than at any other time in our history and reported
terrific growth in cable revenue and operating cash flow” Roberts said. “This
record-setting performance demonstrates substantial operating momentum, and we
could not be more enthusiastic about the future. Looking ahead, we are perfectly positioned to continue to
offer consumers the best entertainment and communications value proposition
available anywhere, and to continue to deliver significant value to our
shareholders."

The U.S. cable giant reported quarterly revenues of $7.03
billion, a 30 percent gain. For the year, revenues were up 18 percent to $24.97
billion. Cable revenues climbed 12 percent to $26.3 billion, and
revenue-generating units increased 69 percent to end the year at 50.8 million.

Within the cable segment, video revenue increased 8 percent
to $16.6 billion in 2006. There were 1.9 million new digital cable subscribers
in 2006, 59 percent above last year, and 80,000 new basic cable subscribers,
compared to a loss of 141,000 in the prior year. Comcast’s digital cable
penetration rate is 52 percent. High-speed Internet revenues increased 23
percent to $5.5 billion in 2006, reflecting a 1.9 million or 19 percent
increase in subscribers. Comcast ended 2006 with 11.5 million high-speed
Internet subscribers, a 25 percent penetration, and 1.9 million phone customers,
a 5.7 percent penetration. Advertising revenue increased 13 percent to $1.7
billion.

At the programming segment—E! Networks, The Golf
Channel, VERSUS (formerly OLN), G4 and AZN Television—2006 revenues were
up by 15 percent to $1.1 billion.