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$CMCSA's Cable Communications witnessed strength in the connectivity business where 350,000 new broadband customers were added, thus increasing the business services revenue by 12.2%. CapEx at Cable Communication rose 2.8% to $2.2Bil in 4Q17, that fell in line with the plan outlined at the beginning of FY17
$CMCSA reported a 3.9% increase in its NBCUniversal revenue to $8.8Bil during 4Q17. Higher distribution and content licensing increased Cable Networks revenue by7.5% to $2.7Bil. Advertising revenue during the quarter increased 2.3%, reflecting higher rates.
$CMCSA's revenue for Cable Communication rose 3.4% to $13.3Bil during 4Q17, helped by increase in high-speed Internet, business services and video revenue. Advertising revenue decreased 12.4%, due to decrease in political advertising revenue. Voice revenue also fell 4.6% during the quarter.
$CMCSA's earnings soared to $14.9Bil, or $3.17 per share during 4Q17, compared to the prior-year period. This increase was mainly due to the one-time $12.7Bil tax gain associated with the new U.S. tax regulations. Adj. EPS was $0.49. Revenue was up 4% to $21.9Bil, helped by growth in the customer base in high-speed internet and business services.
Hurricane Harvey and Irma left a dent of $CMCSA's cable business during 3Q17. Due to which the company's customer relationships dropped to 115,000. $CMCSA also reported a loss of 125,000 video customers. Excluding the storm impact, $CMCSA expected approx. 150,000 customer relationships and a loss of approx. 105,000 video customers.
$CMCSA reported a 12.7% decrease in its NBCUniversal revenue to $8Bil during 3Q17. Cable Networks revenue decreased 11.5% to $2.6Bil, mainly due to lower distribution and advertising revenue. Advertising revenue decreased 16.5%, due to revenue associated with the broadcast of the Rio Olympics in 3Q16.
$CMCSA's Cable Communications revenue rose 5.1% to $13.2Bil during 3Q17. This increase was driven by rise in high-speed Internet, video and business services revenue. Advertising revenue decreased 13.2%, primarily reflecting a decrease in political advertising revenue.
$CMCSA, that faces tough competition from online streaming services like $NFLX, saw its profit grow in 3Q17 despite reporting the largest quarterly loss of 125,000 cable television subscribers. Net income rose to 18.5% to $2.65Bil, or $0.55 per share, while revenue slipped 2% to $21Bil during the quarter.
$CMCSA reported 5.5% increase in its Cable Communication to $13.1Bil. This increase was mainly driven by growth in residential high-speed Internet and Video as well as Business Services. $CMCSA's video revenue during 2Q17 rose 4% to $5.8Bil, mainly due to rate adjustments as well as customers subscribing to additional services.
During 2Q17, $CMCSA's cable communication segment revenues rose 6% to $13.12Bil, mainly helped by increase in Business services. NBCUniversal revenue rose 17% to $8.3Bil. Revenues from cable networks rose 5% to $2.7Bil, mainly reflecting higher distribution and content licensing.
Media company $CMCSA posted 9.8% growth in its 2Q17 revenue, helped by the strong box-office performance of Universal’s The Fate Of The Furious that drove 60% gain in revenues. Net income during the quarter rose 24% to $2.51Bil, or $0.52 per share, compared to $2.02Bil, or $0.41 per share during 2Q16.