Olympics Pace NBC Universal Earnings

Comcast Corporation today reported results for the quarter ended March 31, 2014.

Brian Roberts

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, "Our operating momentum is continuing as we enter 2014 and is highlighted by our second consecutive quarter of video customer growth, as well as strength in high-speed Internet and business services. Our focus on the customer experience continues to drive our success as we deliver the most innovative products in the industry and make measurable progress in customer service. At NBCUniversal, we had another superb quarter with double-digit revenue and operating cash flow growth driven by the tremendously successful Sochi Olympics and the best season-to-date broadcast ratings in a decade. Overall, the company is performing well and the more planning we do for our proposed merger with Time Warner Cable, the more excited we are by the opportunities for the combined company. Comcast has tremendous momentum right now, and we believe the TWC transaction will strengthen a truly world-class organization that will be well positioned to compete and yield meaningful benefits to our customers, employees, and shareholders."

Consolidated 1st Quarter 2014 Highlights:

• Consolidated Revenue Increased 13.7%, Operating Cash Flow Increased 10.0% and Operating Income Increased 16.3%
• Earnings per Share Increased 31.5% to $0.71; Excluding Gains on Sales and Acquisition-Related Items, EPS Increased 33.3% to $0.68
• Quarterly Dividends and Quarterly Share Repurchases Increased 35.5% to $1.3 Billion

Cable Communications 1st Quarter 2014 Highlights:

• Cable Communications Revenue Increased 5.3% and Operating Cash Flow Increased 4.3%
• Cable Communications Customer Relationships Increased by 124,000 to 26.8 Million
• Video Customers Increased by 24,000, the Second Consecutive Quarter of Customer Growth
• High-Speed Internet Customers Increased by 383,000; Revenue Growth of 9.0% Is the Strongest Rate of Growth in Two Years
• Business Services Revenue Increased 23.9%, Approaching a $4 Billion Annual Run-Rate

NBCUniversal 1st Quarter 2014 Highlights:

• NBCUniversal Revenue Increased 28.8% and Operating Cash Flow Increased 37.6%
• Broadcast Revenue Increased 17.0%, Excluding Olympics, and Is Ranked #1 Season-to-Date Among Adults 18-49
• Film Operating Cash Flow Increased Over $200 Million
• The Sochi Olympics Generated Over $1.1 Billion in Revenue