Comcast profit up 22%
November 5, 2009
Comcast Corp’s quarterly profit rose 22 percent, beating expectations, as it sold more phone and Internet subscriptions, helping the top U.S. cable operator fight competition from phone and satellite companies for video subscribers.
It reported 361,000 new high-speed Internet customers and 375,000 new digital phone subscribers in the third quarter, offsetting the loss of 132,000 basic video subscribers.
The company made no mention of the talks over NBC as it posted net profit of $944 million up from $771 million, a year earlier.
Revenue rose 3 percent to $8.80 billion.