Comcast returns to TV customer growth in Q4

Nieuws Breedband Verenigde Staten 28 JAN 2014
Comcast returns to TV customer growth in Q4
Comcast announced plans to increase its dividend and share buyback after strong results in the fourth quarter. The company raised the annual dividend 15 percent to USD 0.90 per share and increased its stock repurchase authorisation to USD 7.5 billion, including USD 3.0 billion in 2014. 

For the fourth quarter, Comcast reported revenues up 6.2 percent from a year earlier to USD 16.93 billion, and operating cash flow rose 7.0 percent to USD 5.645 billion. EPS jumped 28.6 percent to USD 0.72. 

The cable activities increased revenue 5.2 percent to USD 10.66 billion, led by expansion in business services, more advanced TV products and rate increases. Cable OCF rose 4.8 percent to USD 4.41 billion, and capital expenditure was up 18.9 percent from a year earlier to USD 1.64 billion, mainly on new customer equipment. 

Comcast returned to growth in TV customers in Q4, adding a net 43,000 new subscribers for a total 21.690 million at year-end. The total was still down by 7,000 from end-2012. The broadband base grew by 379,000 in the three months to 20.662 million, and telephony subscribers rose by 277,000 to 10.723 million. 

At NBCUniversal, revenue rose 7.5 percent to USD 6.46 billion, and OCF increased 14.3 percent to USD 1.34 billion. 

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Voice services, Financial figures, Cable - Docsis, Internet Access, Broadcast

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