Comcast Boosted by Triple Play Bundle

PHILADELPHIA, April 26: Comcast Corporation said today that
its triple play bundle of cable TV, high-speed Internet and voice-over-IP
telephone service had enabled another record-setting quarter, with revenues up
32 percent to $7.4 billion and net income increasing 80 percent to $837
million.

Brian L. Roberts, the chairman and CEO of Comcast
Corporation, noted: "We are off to a fabulous start to the year and see
increasing momentum as we move ahead. Strong consumer demand for our superior
products delivered through our Triple Play offering resulted in another quarter
of record performance at our cable division—and we are just getting
started capitalizing on the triple play opportunity. This was our 3rd
consecutive quarter of record-breaking RGU growth and the 27th consecutive
quarter of double digit OCF growth. We are highly confident that our strategy
and focus on operational execution and product innovation will deliver great
results in 2007 and beyond."

At Comcast Cable, revenue increased 12 percent to $7 billion
for the first quarter. Revenue generating unit additions increased 63 percent
to a record 1.8 million. Comcast ended the quarter with 52.6 million RGUs.
Video revenue increased 8 percent to $4.4 billion, reflecting growth in digital
cable customers and increased demand for new digital features including ON
DEMAND, digital video recorders and HDTV programming, as well as higher basic
cable pricing. Basic cable subscribers increased by 75,000 to 24.2 million,
with 13.3 million or 55 percent of video customers taking digital cable
services. The platform added 644,000 new digital cable subscribers, an increase
of 82 percent from the 355,000 digital cable customers added in the same period
one year ago. During the quarter, 535,000 digital cable customers added
advanced services, like DVR and HDTV, to their digital service either by
upgrading or as new customers. This compares to 310,000 additions in the same
quarter one year ago. Pay-per-view revenue increased 26 percent to $181
million. Comcast added 563,000 high-speed Internet subscribers and high-speed
Internet revenues increased 21 percent to $1.5 billion. Comcast ended the first
quarter with 12.1 million high-speed Internet subscribers or 26 percent
penetration of available homes. Comcast Digital Voice added 571,000 phone
subscribers, versus 232,000 new additions last year. Phone revenue increased 88
percent to $353 million. Comcast ended the quarter with 2.4 million phone
customers, a 7 percent penetration.

In the Comcast Programming segment, covering E! Networks,
The Golf Channel, VERSUS, G4, and AZN, revenues rose 27 percent to $302
million.