In its fourth quarter of fiscal 2015 (4QFY15), Comcast Corporation (NASDAQ:CMCSA) posted earnings per share (EPS) of $0.81, which missed the analysts’ estimates by $0.01, but were higher than last year’s $0.74. Revenue for the reported quarter was $19.25 billion, which surpassed the $18.76-billion consensus estimates, and was also higher than $17.73 billion in the same quarter, last year.
The company announced that it added 89,000 video customers in the quarter, against 6,000 in last year’s comparable quarter. This indicates the gaining strength of cable operators, who lost subscribers in the past to phone and satellite companies. Cable companies have started to invest more in their cable-TV products, along with in fast broadband, which has enabled them to offer cheaper programming bundles for younger customers.
Comcast announced to increase the annual dividend by 10% to $1.10 per share. Moreover, the Board has declared a quarterly cash dividend worth $0.275 per common share. The directors also increased the stock repurchase program to $10 billion, half of which the company plans to buy back this year.
Chairman and CEO Brian Roberts said: “NBCUniversal had a remarkable year, with record-breaking results at both Theme Parks and Film, and continued success at NBC, which was number one in primetime for the second consecutive season. As we enter 2016, the momentum we see across our portfolio is truly exciting. We are executing at the highest level, investing prudently, and energized and focused on driving growth and shareholder value.”