Comcast: TV down, Internet up

Comcast has posted higher quarterly profit driven by strength on the cable side of the business. The leading US cable television provider, which also owns broadcaster NBC Universal, posted first-quarter profit of $1.4 billion, up from $1.22 billion a year ago.

While the cable unit lost a worse-than-expected 60,000 customers, it added 433,000 high-speed Internet customers.

Revenue at NBC Universal rose 2.4 per cent year over to $5.4 billion. Operating cash flow at the broadcast television unit NBC was negative $14 million, better than a year ago, when it was negative $35 million.

Revenue at Comcast rose 3 per cent to $15.31 billion.

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