Comcast momentum
May 1, 2009
Comcast reported improving subscriber losses and nearly doubling its free cash flow for the quarter. Comcast said it lost 78,000 subscribers in the period – slightly worse than the 57,000 lost in the first quarter of 2008 but better than analyst consensus estimates of a 171,000 subscriber loss. Revenue rose 5.3% to $8.8 billion and operating cash flow rose 8% to $3.4 billion.
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