Comcast Reports 2nd Quarter 2012 Results

Wednesday, August 1st, 2012
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PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA, CMCSK) today reported results for the quarter ended June 30, 2012.

Cable Communications – Customers

In the second quarter, combined Video, High-Speed Internet and Voice customers increased by 138,000, a 40.1% increase compared to second quarter 2011 net additions. As of June 30, 2012, Video, High-Speed Internet and Voice customers totaled 50.5 million, an increase of 1.4 million or 2.8% over last year’s second quarter.

In the quarter, Video customers declined by 176,000 to 22.118 million. However, Digital Video penetration increased from 93.0% to 94.5%, so digital video subscribers rose by 159,000.

Customers (in thousands): 

                    Customers        Net Adds
               --------------  --------------
                 2Q11    2Q12    2Q11    2Q12
               ------  ------  ------  ------
Video          22,513  22,118   (238)   (176)
                                                                            2011            2012
                                                  ------------------------------  --------------
                                                      1Q      2Q      3Q      4Q      1Q      2Q
                                                  ------  ------  ------  ------  ------  ------
Video Customers                                   22,751  22,513  22,348  22,331  22,294  22,118
Video Net Additions (Losses)                        (39)   (238)   (165)    (17)    (37)   (176)
Digital Video Customers*                          20,035  20,109  20,251  20,551  20,737  20,896
Digital Penetration of Total Video                 88.1%   89.3%   90.6%   92.0%   93.0%   94.5%
Advanced Services Customers**                     10,376  10,508  10,634  10,862  11,105  11,172
Advanced Services Penetration of Digital Video     51.8%   52.3%   52.5%   52.9%   53.6%   53.5%

* Digital Video Customers include customers receiving digital signals through any means, including cable cards and digital transport adapters (“DTAs”).
** Advanced Services Customers subscribe to DVR and/or HDTV services.