Comcast gains video subs in 4Q

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Associated Press

Posted on January 28, 2014 at 9:06 AM

PHILADELPHIA (AP) — Comcast added 43,000 video subscribers in the fourth quarter — the first quarterly gain in six and a half years — as uptake of its X1 set-top box helped it retain customers and boost video-on-demand spending.

Net income rose 26 percent to $1.91 billion, or 72 cents per share, from $1.52 billion, or 56 cents per share a year ago. However, the increase was partly due to a one-time tax windfall of $158 million.

Excluding the tax gain, earnings per share came to 66 cents, slightly below the 68 cents per share expected by analysts polled by FactSet.

Revenue rose 6 percent to $16.93 billion, beating the $16.65 billion expected by analysts.

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