Comcast (CMCSA) Beats Q4 Views on Solid Sub Gains; Boosts Buyback, Dividend
Total revenue rose 55.7 percent from $9.72 billion during the same quarter last year to $15.04 billion, beating expectations calling for $14.87 billion in revs.
Net income rose 26 percent to $1.29 billion, or 47 cents per share, beating consensus views of 41 cents.
Throwing off even more cash this quarter ($1.9 billion versus $1.1 billion in the previous year), Comcast decided to boost its dividend 44 percent to 16.25 cents. At an annual rate of 65 cents, the dividend yields 2.4 percent, in-line with previous increases. Comcast also approved a new $6.5 billion buyback plan.
For customer additions, Comcast tacked on a total of 465,000. Notably, video customer losses fell dramatically, from 757 million last year to 17 million in the recent quarter.
NBCUniversal revs rose just 0.8 percent to $5.7 billion, as broadcast TV reported a 3.7 percent dip offset by a 5.3 percent gain in cable networks.
Comcast shares are about 6 percent better early Wednesday.
