Boston, MA 01/29/2014 (wallstreetpr) – Comcast Corporation (NASDAQ:CMCSA) in its fourth quarter results has shown that it is a company on the move. One of the United States media and technology companies, the company through its intricate mesh of cable networks, broadcast television reach as well as forays into content development for its properties continues to define entertainment in the country.
Comcast Corporation (NASDAQ:CMCSA) in its previous quarter has only moved forwards with further consolidation in its key sectors. The revenue reported was $16.93 billion, which was an upside of 6.2% over its previous years earnings for the same quarter. The earnings also beat the consensus by $16.6 billion. The company also saw that the operating earnings increase by over 10.7% valued at $3.65 billion.
Comcast Corporation (NASDAQ:CMCSA) reported revenue increase, riding high on the cable communications sector. The revenue increase was 5.2% valued at $10.66 billion. The video division saw an upward growth, besides increase in the number of internet users for its high speed data plans. The revenue for this sector was in the region of $3.65 billion which was roughly an 8.7% increase. The number of internet users too saw a gain of 379,00 in the quarter.
Some pleasant surprises
Comcast Corporation (NASDAQ:CMCSA) saw unexpected increase in sales for the fourth quarter in segments it did not intend to see much growth. This was the Pay TV segment where the numbers increased, much against the fall in the numbers who chose this Comcast service in over 5 years. The increase in sales of its exclusive home entertainment product- Despicable Me 2 too saw this segment return higher revenues than expected. Additionally, the Broadcast revenue too saw an increase in the region of 11.5% even as the retransmission fees were increased besides licensing fees being charged for the content. The highest surprise was from Comcast Corporation (NASDAQ:CMCSA)’s theme parks which recorded over 4.6% increase in the fourth quarter.
