Broadband Cable Association of Pennsylvania

First in Broadband, the Future of Broadband

Comcast Corp.'s second-quarter profit rose 15%, as it reduced its rate of video-subscriber losses, posted an increase in high-speed Internet customers, and boosted profit in its NBCUniversal entertainment arm, thanks in part to a turnaround at its namesake broadcast network. The company lost 144,000 video customers in the second quarter, compared with a loss of 162,000 customers a year ago, continuing a trend of improving video results. In the fourth and first quarters, Comcast expanded its video-subscriber base for the first time after years of decline, although part of the increase in the first quarter was due to a change in how Comcast counts its customers. Overall, Comcast reported second-quarter profit of $1.99 billion, or 76 cents a share, up from $1.73 billion, or 65 cents a share, a year earlier. Excluding gains on sales- and acquisition-related items, adjusted profit for the latest quarter was 75 cents a share.

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