Comcast has unveiled their second quarter financials, indicating that the cable giant's earnings rose 53%. The company posted net income of $967 million, up from $632 million one year ago. While ad revenue for the company dropped some 20%, revenue from data and TV services more than compensated for the losses. While the company lost more than 214,000 basic video subscribers during the quarter, they added 250,000 digital video customers for a total of 23.9 million.

The company added a surprisingly low 65,000 broadband customers during the traditionally sluggish second quarter, despite a slew of faster speeds and new promotion made possible by their speedy deployment of DOCSIS 3.0 technology.

According to Comcast COO Steven Burke, the slowdown is partially seasonal and recession-related, but also thanks to the fact that Comcast spent a significant chunk of their marketing budget pitching TV service to those impacted by the June 12 digital transition. The COO insists that numbers should improve as of July, when Comcast began dumping those marketing dollars back into attracting new broadband customers.

"We think we understand what happened and have already made some corrections," CEO Brian Roberts just told attendees of the company's earnings call. Those corrections likely won't include lowering prices, something the cable giant has traditionally avoided like the nastiest of plagues. If you recall, Roberts has likened cable broadband technology to a "BMW," while referring to DSL technology as a "Hyundai" -- and insisting BMW doesn't lower prices to suit "inferior" competition. It's not clear which metaphor represents FTTH in that equation.

While broadband growth may have been a bit off, the nation's third largest residential phone company continued to see strong VoIP growth, adding 233,000 VoIP customers on the quarter.