Comcast adds 427k digital video customers in 1Q10

Wednesday, April 28th, 2010
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PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA, CMCSK) today reported results for the quarter ended March 31, 2010.

As of March 31, 2010, Comcast’s Video, High-Speed Internet and Comcast Digital Voice customers totaled 47.7 million, reflecting 590,000 net additions during the first quarter of 2010.

(in thousands)                        Customers        Net
                         ----------------------  Additions
                           1Q09    1Q10  Growth       1Q10
                         ------  ------  ------  ---------
Video Customers          24,104  23,477  (2.6%)       (82)
Digital Video Customers  17,293  18,843    9.0%        427

Cable Customer Metrics (in thousands, except per customer data):

                                                     2008                         2009    2010
                              ---------------------------  ---------------------------  ------
                                  1Q     2Q     3Q     4Q      1Q     2Q     3Q     4Q      1Q
                              ------ ------ ------ ------  ------ ------ ------ ------  ------
Homes Passed                  49,902 50,096 50,329 50,575  50,740 50,900 51,078 51,233  51,387
Total Video
 Customers                    24,701 24,563 24,415 24,182  24,104 23,891 23,759 23,559  23,477
 Penetration of Homes Passed   49.5%  49.0%  48.5%  47.8%   47.5%  46.9%  46.5%  46.0%   45.7%
 Net Additions (Losses)         (57)  (138)  (148)  (233)    (78)  (214)  (132)  (199)    (82)
Digital
 Video Customers*             16,021 16,341 16,758 17,004  17,293 17,542 18,005 18,415  18,843
 Penetration of Total Video    64.9%  66.5%  68.6%  70.3%   71.7%  73.4%  75.8%  78.2%   80.3%
 Video Additions                 494    320    417    247     288    250    463    410     427
 Set-Top Boxes*               25,863 26,352 27,068 27,580  28,824 30,697 33,314 36,402  39,649
 Boxes per Digital Customer      1.6    1.6    1.6    1.6     1.7    1.7    1.9    2.0     2.1

* Digital Video Customers include customers receiving digital signals through any means including cable cards and digital transport adapters (“DTAs”). Digital Set-Top Boxes include DTAs.

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