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Net
income attributable to Comcast rose 20.2 percent to $2.57
billion, or 53 cents a share, during the company's first quarter
ended March 31, the company said on Thursday.
Revenue rose 8.9 percent to $20.46 billion.
Analysts had expected earnings of 44 cents per share and revenue
of $20.12 billion, according to Thomson Reuters I/B/E/S.
Comcast is facing pressure in its cable television business as
younger viewers shun bigger cable bundles in favor of cheaper
streaming options such as Netflix Inc <NFLX.O>.
The company has been investing in improving its customer service
and has tried to make its X1 platform a destination for a
variety of content. Last year, Comcast made Netflix available
through its X1 set top box and announced a similar deal with
Alphabet Inc's <GOOGL.O> YouTube in February.
The company also plans to offer a wireless service later this
year in the hopes of increasing customer loyalty. The service,
called Xfinity Mobile, will launch on Verizon Communications
Inc's <VZ.N> airwaves as part of a 2011 agreement between the
companies.
Revenue in Comcast's cable business rose 5.8 percent as the
company added 42,000 video subscribers and 429,000 broadband
subscribers in the quarter.
NBCUniversal sales rose 14.7 percent, helped by a 43.2 percent
increase in filmed entertainment revenue.
(Reporting by Anjali Athavaley)
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