Comcast Corp. reported fourth-quarter FY21 revenue growth of 9.5 percent year-on-year to $30.34 billion, beating the consensus of $29.74 billion. Segments Revenue for Cable Communications rose 4.5 percent Y/Y to $16.4 billion, driven by increases in broadband, wireless, business services partially offset by decreases in advertising, video, and voice revenue. Customer Relationships increased by 169,000 to 34.2 million. Broadband customer net additions were 212,000, and total video customer net losses were 373,000. The company’s Cable Communications added 312,000 wireless lines. Revenue for NBCUniversal increased 25.6 percent Y/Y to $9.3 billion. Revenue from Media increased 8.4 percent Y/Y to $5.8 billion, reflecting higher advertising distribution revenue, and Studios increased 36.4 percent Y/Y to $2.4 billion, primarily reflecting higher content licensing revenue, home entertainment, theatrical revenue. Theme Parks’ revenue increased by $1.2 billion to $1.9 billion, reflecting improved operating conditions. Revenue for Sky decreased 2.4 percent Y/Y to $5.1 billion. Total Customer Relationships increased by …
Comcast Tops Q4 Consensus; Hikes Share Buyback to $10 Billion; Raises Dividend by 8 Percent
January 27, 2022
admin
0 Comment