Comcast reported a Q1 revenue increase of 2.9...
Comcast reported a Q1 revenue increase of 2.9 percent to $15.3 billion, vs. the year-ago period, said a release from the company Wednesday (http://bit.ly/159UmAA). The company had profit of $1.45 billion, a $198 million decline. Along with the revenue rise,…
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the company reported a 16 percent increase in capital expenditures to $1.4 billion. Comcast said the increase was partially caused by its cable business “primarily reflecting [Comcast’s] ongoing investment in network infrastructure and the expansion of Business Services and Xfinity Home Cable.” Revenue for the company’s cable division also went up by 6.4 percent to $10.2 billion. Comcast said that the number of customers for combined video, broadband and voice increased by 583,000 or 3.2 percent. The company has a total of 51.9 million customers for the services, a 3 percent increase, said the release. Revenue for NBCUniversal decreased 2.4 percent to $5.3 billion. “Cable’s results highlight revenue growth in every product, led by video and high-speed Internet, and overall customer growth, as we continue to effectively balance financial and customer performance,” said Comcast CEO Brian Roberts.