Comcast Reports Profit Drop

PHILADELPHIA, October 25: Despite a 21-percent increase in
third quarter profits to $7.8 billion, Comcast Corporation’s profit for the
period fell 54 percent to $560 million.

The fall in profit is partly attributed to a $55 million
expense related to At Home litigation.

In the cable segment, revenues were up 11 percent to $7.4
billion. The platform increased its revenue generating units (RGU) base by 1.4
million, down on the 1.5 million added in the same period last year. Comcast
ended the quarter with 55.8 million RGUs, a 13 percent increase.

The platform added 489,000 digital cable subscribers, for a
total of 14.7 million, 40 percent (5.8 million) of which take an advanced
service such as DVRs or HD. This compares with 33 percent, or 4 million, a year
ago. Subscriber growth for the platform has slowed—its 489,000 digital
cable additions was down on 559,000 added in the same period last year. Video
revenue increased 6 percent to $4.4 billion.

High-speed Internet subscribers were up by 450,000, for a
penetration of 27 percent. High-speed Internet revenue increased 17 percent to
$1.6 billion. Comcast ended the third quarter of 2007 with 12.9 million
high-speed Internet subscribers.

The quarter saw the addition of 662,000 Comcast Digital
Voice (CDV) customers and phone revenue increased 86 percent to $472 million.

In the Comcast's Programming segment—including E!
Networks, The Golf Channel, VERSUS, G4 and AZN—revenues were up 27
percent to $330 million.

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