Market Movers

Comcast ends streak, gains subscribers

Comcast added 43,000 cable subscribers last quarter.

Associated Press

Comcast added 43,000 cable subscribers last quarter.


Comcast Corp., the largest US cable company and the owner of NBCUniversal, reported a 26 percent increase in fourth-quarter profit after adding TV subscribers for the first time in more than six years. Net income rose to $1.91 billion, or 72 cents a share, from $1.52 billion, or 56 cents, a year ago. Comcast also increased its dividend by 15 percent to 90 cents a year and authorized an additional $7.5 billion in share repurchases, with $3 billion planned for this year. It added 43,000 television subscribers, ending 26 straight quarters of declines.

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