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.