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Wednesday, January 23, 2019

=Comcast (CMCSA) reported earnings on Wed 23 Jan 2019 (b/o)



Comcast beats by $0.01, beats on revs; increases dividend 10%
  • Reports Q4 (Dec) earnings of $0.64 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $0.63; revenues rose 26.1% year/year to $27.85 bln vs the $27.56 bln S&P Capital IQ Consensus. Consolidated Adjusted EBITDA increased 21.6% to $8.2 billion.
  • Revenue for Cable Communications increased 5.2% to $14.1 billion in the fourth quarter of 2018, driven by increases in high-speed internet, advertising, business services and other revenue, partially offset by a decrease in video revenue. High-speed internet revenue increased 10.1%, driven by an increase in the number of residential high-speed internet customers and rate adjustments.
    • Total Customer Relationships increased by 258,000 to 30.3 million in the fourth quarter of 2018. Total high-speed internet customer net additions were 351,000, total video customer net losses were 29,000, total voice customer net additions were 2,000 and total security and automation customer net additions were 39,000.
  • Revenue for NBCUniversal increased 7.1% to $9.4 billion in the fourth quarter of 2018. Adjusted EBITDA increased 12.3% to $2.1 billion, primarily reflecting increases at Broadcast Television and Cable Networks, partially offset by a decrease at Filmed Entertainment.
  • Increased Dividend by 10% to $0.84 per Share on an Annualized Basis for 2019

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