Comcast reports second quarter 2013 results

Wednesday, July 31st, 2013
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PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA, CMCSK) today reported results for the quarter ended June 30, 2013.

Revenue for Cable Communications increased 5.8% to $10.5 billion in the second quarter of 2013 compared to $9.9 billion in the second quarter of 2012, driven by increases of 8.0% in high-speed Internet, 26.4% in business services and 2.7% in video.

                        Customers        Net Adds
                   --------------  --------------
(in thousands)       2Q12    2Q13    2Q12    2Q13
                   ------  ------  ------  ------
Video Customers    22,118  21,776   (176)   (159)
                                                           2011                            2012            2013
                                 ------------------------------  ------------------------------  --------------
                                     1Q      2Q      3Q      4Q      1Q      2Q      3Q      4Q      1Q      2Q
                                 ------  ------  ------  ------  ------  ------  ------  ------  ------  ------
Video
 Customers(1)                    22,751  22,513  22,348  22,331  22,294  22,118  22,002  21,995  21,935  21,776
 Penetration(2)                   43.8%   43.2%   42.7%   42.5%   42.3%   41.9%   41.5%   41.4%   41.2%   40.7%
 Net Additions (Losses)            (39)   (238)   (165)    (17)    (37)   (176)   (117)     (7)    (60)   (159)
  Full year                                               (459)                           (336)
Advanced Services
 Customers(3)                    10,376  10,508  10,634  10,862  11,105  11,172  11,273  11,479  12,027  12,078
  Full year(4)                                                                           11,755
 Penetration of Video Customers   45.6%   46.7%   47.6%   48.6%   49.8%   50.5%   51.2%   52.2%   54.8%   55.5%
  Full year(4)                                                                            53.4%

1. Customer metrics include our residential and business customers.
2. Penetration is calculated by dividing the number of customers by the number of homes and businesses passed.
3. Advanced Services Customers subscribe to DVR and/or HDTV services.
4. Full year 2012 amount includes an adjustment for an additional 276,000 Advanced Services Customers not previously reported.