US-based cableco Comcast reported a 6.7% year-on-year rise in high speed internet (HSI) subscriptions at the end of December 2009, adding one million net new customers over the twelve-month period. At year-end 2009 there were 15.93 million HSI subscribers in total. The company’s fixed line voice customer base also continued to expand in 2009, ending the year with 7.62 million lines in services, up from 6.47 million a year earlier. Meanwhile Comcast’s video customer base continued to see a transition from analogue to digital subscriptions, with the analogue base falling by 2.6% year-on-year, while the digital base grew by 8.3% in the same period. At the end of December 2009 Comcast had 23.56 million customers subscribed to analogue video plans and 18.42 million on digital plans.
As the telco’s customer base has grown, so has its revenues. Comcast reported revenues of USD35.76 billion for the twelve months ended 31 December 2009, up from USD34.42 billion a year earlier. Operating expenses also grew from USD13.64 billion to USD14.4 billion year-on-year. Increasing expenses did not harm bottom line earnings, however, with net profit totalling USD3.64 billion in 2009, up from USD2.53 billion a year earlier.