Comcast video subscribers steady in 4Q 2011

Comcast Reports 4th Quarter and Year End 2011 Results

PHILADELPHIA — Comcast Corporation (NASDAQ: CMCSA, CMCSK) today reported results for the quarter and year ended December 31, 2011.

Cable Communications – Customers

In the fourth quarter, combined video, high-speed internet and voice customers increased by 465,000, a 12.3% increase compared to fourth quarter 2010 net additions. For the year ended December 31, 2011, combined video, high-speed internet and voice customers increased by 1.4 million, an 11.0% increase compared to 2010 net additions, reflecting reduced video customer losses and increased high-speed internet customer additions. As of December 31, 2011, video, high-speed internet and voice customers totaled 49.8 million, an increase of 3.0% over the prior year.

(in thousands)         Customers                        Net Adds
                  --------------  ------------------------------
                   YE 10   YE 11    4Q10    4Q11    2010    2011
                  ------  ------  ------  ------  ------  ------
Video Customers   22,802  22,343    (135)   (17)   (757)   (460)

                                                    2010                            2011
                          ------------------------------  ------------------------------
                              1Q      2Q      3Q      4Q      1Q      2Q      3Q      4Q
                          ------  ------  ------  ------  ------  ------  ------  ------
Video Customers           23,477  23,212  22,937  22,802  22,763  22,525  22,360  22,343
Digital Video Customers*  18,843  19,237  19,456  19,740  20,040  20,114  20,255  20,556
Digital Penetration        80.3%   82.9%   84.8%   86.6%   88.0%   89.3%   90.6%   92.0%

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