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$CMCSA and $CHTR announced agreement to explore potential opportunities for operational cooperation in their respective wireless businesses to accelerate and enhance each company's ability to participate in the national wireless marketplace. The companies agreed to explore working together in number of potential operational areas in wireless space.
$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.