Triple-Play Powers Comcast Gains

PHILADELPHIA, July 26:
Comcast Corporation’s triple-play bundle helped drive its second quarter
results, with revenues up 31 percent to $7.7 billion and net profit up 28
percent to $588 million.

Comcast Cable’s revenues
were up 12 percent to $7.3 billion. The cable division delivered 1.6 million
RGU (revenue generating units) additions, 94 percent above last year’s Q2
additions. It ended the quarter with 54.2 million RGUs, an increase of 6.5
million units from one year ago. There were 823,000 new digital cable
subscribers in the period, ending the quarter with more than 14 million, and
basic cable subscribers fell by 95,000 to 24.1 million. Video revenue was up 7
percent to $4.5 billion. Comcast attracted 330,000 additional high-speed
Internet subscribers during the second quarter, and penetration now exceeds 26
percent with 12.4 million customers. High-speed Internet revenues increased 20
percent to $1.6 billion. The Comcast Digital Voice phone service lured a
further 671,000 customers to top 3 million subscriptions. Revenues almost
doubled to $420 million in the second quarter. Advertising revenue, meanwhile,
was flat at $399 million.

At the Programming segment
(E! Networks, The Golf Channel, VERSUS, G4 and AZN), revenues rose 22 percent
to $334 million.