Comcast reports 9% increase in earnings

Press release from the issuing company

Tuesday, May 3rd, 2011

Comcast Corporation today reported results for the quarter ended March 31, 2011, including the results of NBCUniversal after January 28, 2011.

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, "We are off to a terrific start in 2011. Cable had an outstanding quarter with continuing momentum in both our residential and Business Services operations. We had particularly strong growth in high-speed Internet, consistent growth in voice services, and improving video customer results. In addition, our customer retention and service metrics have never been better, and we are leading the industry in delivering new products and innovations to our customers.

The performance of NBCUniversal was led by our cable networks, which posted strong growth across the board. While we've only been operating the NBCUniversal businesses for three months, we're encouraged by a seamless integration, and we are working diligently to invest and build value for our shareholders.

As we begin 2011, we remain focused on execution, which includes driving product leadership and innovation, enhancing our customers' experience, expanding the entertainment choices we offer consumers and realizing the opportunities of our wonderful company."

($ in millions)

1st Quarter

Consolidated Results

2010

2011*

Growth

Revenue $ 9,202 $ 12,128 31.8 %
Operating Cash Flow (OCF) $ 3,565 $ 4,066 14.1 %
Operating Income $ 1,935 $ 2,224 14.9 %
Earnings per Share $ 0.31 $ 0.34 9.7 %
Free Cash Flow $ 1,887 $ 2,221 17.7 %

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