Comcast Reports Modest Q4 Earnings

Basic subs down 199,000 as digital, high-speed data beat estimates

By Mike Farrell, Multichannel News -- Broadcasting & Cable, 2/3/2010 5:36:29 PM

Comcast reported fourth quarter results in line with expectations, shedding almost 200,000 basic subscribers in the period as revenue rose 2.9% to $9.1 billion and operating cash follow increased 1.1% to $3.4 billion.

Comcast ended the year with 23.6 million video subscribers, down 199,000 from the previous quarter. For the year, consolidated revenue rose 3.9% to $35.8 billion and operating cash flow increased 4.4% to $9.1 billion.

In a conference call with analysts, chief operating officer Steve Burke said that despite nearly 200,000 lost video customers in the period, it could have been worse. Burke said that the company decided to change course in the second half of the year, focusing more on unit growth.

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