Log In   |  Register Free Newsletter Subscription
Skip navigation
Zibb
Subscribe to Broadcasting & Cable
RSS
Reprints/License
Print
Email

Comcast Has "Good, Not Great" Q3

Despite 147,000 basic subscriber losses, cable operator reports strong growth in digital, high-speed Internet and telephony

By Mike Farrell -- Multichannel News -- Broadcasting & Cable, 10/29/2008 4:53:00 AM MT

Comcast kicked off the cable earnings season Wednesday morning with strong third-quarter results, reflecting that at least the early innings of the global recession did not seriously harm the country’s largest cable operator.

Revenue and operating cash flow rose a healthy 10% in the period ended Sept. 30, to $8.5 billion and $3.2 billion, respectively. And though basic subscriber losses – at 147,000 for the period – were well above some analysts estimates (which ranged from 26,000 to 85,000), the MSO did manage to report strong growth in digital (417,000), high-speed Internet (382,000) and telephony (483,000) additions.

The results come a day after Comcast shares soared nearly 25% ($3.34 per share) to $16.96 on Tuesday, riding a nearly 900-point surge n the Dow Jones Industrial Average and anticipation of strong third quarter earnings.

Click here to read the full article on Multichannel.com.

RSS
Reprints/License
Print
Email
Related Content
Also by Mike Farrell

Reed Business Information Resource Center

Featured Company


Most Recent Resources

Advertisement
Sponsored Links
marketing module, MultiCultural-Disney
Advertisement
BC Subscribe
B&C NEWSLETTER
B&C Today
HD Update
Cable Technology
VOD Newsletter
Hispanic TV Update
TechTalk
HD Programming
Multicultural Newsletter
B&C NewsCentral



Please read our Privacy Policy

About Us   |   Advertising Info   |   Submissions   |   Site Map   |   Contact Us   |   Affiliate Links   |   RSS
© 2009 Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Use of this Web site is subject to its Terms of Use | Privacy Policy
Please visit these other Reed Business sites