The world's largest cable television company Comcast's net income and revenue increased in the fourth quarter of 2017, the company announced Wednesday.
Revenue rose 4.3 percent to $21.9 billion in the final quarter of last year, from $21 billion for the same period the previous year.
Net income increased more than six-fold to $15 billion in the October-December 2017 period, from $2.3 billion for the same period of 2016. Earnings per share rose to $3.17 from $0.48 during that period.
Comcast said its internet users increased by 350,000 in the fourth quarter of 2017 year-over-year, but TV customers fell by 33,000 during that period.
With strong financial results, the company saw its stock price increase on Wall Street.
At the first bell, Comcast's stock value climbed to $42.70 per share, after closing Tuesday at $42.44 a share, posting a 0.6 percent gain. The shares fluctuated the following hour.
Comcast owns the international media company NBCUniversal, the film production studio company Universal Pictures, and Universal Studios theme parks in California, Florida and Japan.
By Ovunc Kutlu in New York
Anadolu Agency
ovunc.kutlu@aa.com.tr
