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May 15, 2005
Comcast Deploys 428,000 DVR- or HD-Equipped Set-Tops in Q1
In a conference call with financial analysts following Comcast's release of its first-quarter financial results, COO, Steve Burke, revealed that the MSO deployed around 428,000 "advanced" (i.e. DVR- or HD-equipped) set-top boxes in the quarter -- 200,000 more than it had anticipated.
Burke credited demand for DVR and HD services as a significant factor in the MSO's strong quarterly results: its revenues totaled $5.4 billion, up 9% from the year-ago quarter, while its operating profit totaled $2 billion; it added 200,000 digital subscribers and 414,000 high-speed data customers in the course of the quarter. Comcast plans to invest up to $300 million in its service this year, much of which will be used to increase the number of HD DVR's on its networks.
Time Warner Cable, meanwhile, has revealed that it deployed an additional 136,000 DVR's to its customers in the first quarter, bringing its deployed DVR base to just short of a million by the end of the quarter.
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