(Updated - April 22, 2014 7:11 AM EDT)

Comcast (NASDAQ: CMCSA) reported Q1 EPS of $0.68, $0.04 better than the analyst estimate of $0.64. Revenue for the quarter came in at $17.41 billion versus the consensus estimate of $17 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

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.”

Customer relationships increased by 124,000 to 26.8 million in the first quarter of 2014. At the end of the first quarter, penetration of our triple product customers increased to 36% compared to 33% in the first quarter of 2013. In addition, video, high-speed Internet and voice customers increased.

For earnings history and earnings-related data on Comcast (CMCSA) click here.