Comcast Adds 6K Video Customers in Q4 - Broadcasting & Cable

Comcast Adds 6K Video Customers in Q4

Raises dividend 10% and share repurchase plan to $10B
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Comcast added about 6,000 basic video subscribers in the fourth quarter, and cable operating cash flow increased about 6.3% to $4.7 billion, as the company said it will raise its annual divided 10% to $1 per share and increase its share repurchase authorization to $10 billion.  

The basic video additions were less than the 46,000 additions in the same period last year, but helped push the operator to another improvement in full year video customer losses – the company shed about 194,000 basic video customers in 2014, better than the 267,000 it lost in the prior year.  

The video improvements also helped drive cable revenue up 6.1% to $11.3 billion and operating cash flow up 6.3% to $4.7 billion.

To read the full story, visit Multichannel.com.

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