{"id":47361,"date":"2016-02-03T14:47:37","date_gmt":"2016-02-03T12:47:37","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=47361"},"modified":"2016-02-03T14:47:37","modified_gmt":"2016-02-03T12:47:37","slug":"comcast-revenue-beats-street-as-nbcuniversal-internet-units-grow","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=47361","title":{"rendered":"Comcast revenue beats Street as NBCUniversal, Internet units grow"},"content":{"rendered":"<p dir=\"ltr\"><strong>Comcast Corp posted better-than-expected fourth-quarter revenue on Wednesday, driven by growth in its media and entertainment unit NBCUniversal in addition to its high-speed Internet and business services divisions.<\/strong><\/p>\n<p dir=\"ltr\">The largest U.S. cable operator and the No. 1 U.S. high-speed Internet provider also raised its annual dividend by 10 percent to $1.10 per share. It earmarked $5 billion in stock buybacks for 2016 as part of a $10 billion program.<\/p>\n<p dir=\"ltr\">Total revenue at Philadelphia-based Comcast rose 8.5 percent to $19.25 billion in the fourth quarter, surpassing analysts&#8217; expectations of $18.76 billion, according to Thomson Reuters I\/B\/E\/S.<\/p>\n<p dir=\"ltr\">Net income attributable to the company rose 2.4 percent to $2 billion, or 79 cents per share, from a year earlier. Excluding items such as gains on sales and acquisition-related items, profit rose 5.2 percent to 81 cents per share, a penny below estimates.<\/p>\n<p dir=\"ltr\">The company added 89,000 video subscribers, much better than a year earlier, when it picked up about 6,000 new subscribers.<\/p>\n<p dir=\"ltr\">Cable operators are battling streaming video services like Netflix Inc and Hulu for subscribers, as viewers gravitate toward online video offerings.<\/p>\n<p dir=\"ltr\">Comcast has been seeking to improve customer service and giving its set-top boxes facelifts in a bid to retain subscribers. It is beta-testing an ad-supported short-form video service called &#8220;Watchable&#8221; targeting millenials and launched a comedy-centric $3.99-a-month streaming service, called &#8220;Seeso,&#8221; to test viewers&#8217; appetite for online products.<\/p>\n<p dir=\"ltr\">Its business services unit posted $1.3 billion in revenue, up 19 percent from a year ago. Revenue from Comcast&#8217;s high-speed Internet business grew about 10 percent to $3.2 billion, and Internet customer additions rose 23 percent to 460,000.<\/p>\n<p dir=\"ltr\">At NBCUniversal, revenue jumped 13 percent to $7.5 billion. Despite a quiet movie lineup in the quarter, revenue at the film studio climbed 26 percent to $1.63 billion, helped by DVD releases of blockbuster hits such as &#8220;Minions&#8221; and &#8220;Jurassic World.&#8221;<\/p>\n<p dir=\"ltr\">Revenue at Universal theme parks, including Universal Studios Japan, soar 39 percent to $1.02 billion, propelled by the huge popularity of Harry Potter attractions. Comcast bought a majority stake in Universal Studios Japan for $1.5 billion in September.<\/p>\n<p dir=\"ltr\">Shares of Comcast closed at $54.59 on Tuesday on the Nasdaq.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comcast Corp posted better-than-expected fourth-quarter revenue on Wednesday, driven by growth in its media and entertainment unit NBCUniversal in addition to its high-speed Internet and business services divisions. The largest U.S. cable operator and the No. 1 U.S. high-speed Internet provider also raised its annual dividend by 10 percent to $1.10 per share. It earmarked &hellip;<\/p>\n","protected":false},"author":3,"featured_media":47365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-47361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Comcast revenue beats Street as NBCUniversal, Internet units grow - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=47361\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comcast revenue beats Street as NBCUniversal, Internet units grow - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"Comcast Corp posted better-than-expected fourth-quarter revenue on Wednesday, driven by growth in its media and entertainment unit NBCUniversal in addition to its high-speed Internet and business services divisions. The largest U.S. cable operator and the No. 1 U.S. high-speed Internet provider also raised its annual dividend by 10 percent to $1.10 per share. 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