COMCAST Corp says its first-quarter net income rose by 30 per cent as ad revenue surged at broadcast network NBC.
The results, released on Tuesday, beat Wall Street estimates and its shares edged up in morning trading.
Comcast is the largest cable company in the country with 22 million video customers and 21.1 internet customers.
It is in the midst of an expected yearlong review of its $US45 billion ($A48 billion) acquisition of No. 2 rival Time Warner Cable Inc.
Regulators are examining whether the combination would give it undue pricing power over customers and too much leverage with programmers.
Its net income in the quarter through March rose to $US1.87 billion, or 71 cents per share, from $US1.44 billion, or 54 cents per share a year ago.
Excluding one-time items, adjusted earnings came to 68 cents per share, beating the 64 cents expected by analysts polled by FactSet.
Revenue grew 14 per cent to $US17.41 billion from $US15.31 billion - also higher than the $US16.99 billion expected by analysts.
NBCUniversal revenue grew 29 per cent to $US6.88 billion while cable services revenue grew 5 per cent to $US10.76 billion.
Olympics broadcast rights boosted NBCU revenue by $US1.1 billion.
Even excluding the games, broadcast revenue rose 17 per cent, helped by Fallon's selection for NBC's late night slot, replacing longtime host Jay Leno.
The network was also boosted by more hours of The Voice and the popularity of new shows such as The Blacklist.
On the cable connections side, Comcast added 24,000 video customers during the quarter, the second quarterly gain in a row following a six-and-a-half year losing streak.
Anda sedang membaca artikel tentang
Comcast 1Q earns surge
Dengan url
http://jamdindingin.blogspot.com/2014/04/comcast-1q-earns-surge.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Comcast 1Q earns surge
namun jangan lupa untuk meletakkan link
sebagai sumbernya
0 komentar:
Posting Komentar