Peter Kafka

Recent Posts by Peter Kafka

A Bounceback Quarter for Comcast


Things looked a little rough for cable giant Comcast (CMCSA) at the end of 2008, but they seemed to have righted themselves again during the first three months of this year: The company outperformed Wall Street’s revenue and earnings expectations and signed up more subscribers than analysts had expected in at least some of its offerings.

It’s back to the old axiom: Even in the worst of times, people really, really like their TV–and now, their Internet, too.

The numbers: Earnings of 27 cents on revenue of $8.84 billion. Wall Street had expected 23 cents and $8.76 billion, respectively.

Subscribers: Basic cable: Down 78,000. Barclays Capital’s Vijay Jayant had predicted a loss of 185,000 subs.

High-speed Internet: Up 329,000, versus expectations of 225,000

Digital video: Up 288,000, versus expectations of 320,000

Phone: Up 298,000, versus expectations of 375,000

Click chart to enlarge:


Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik