The Zhitong Finance App learned that Comcast (CMCSA.US) today (January 23) announced the fourth quarter and full year results report for the fourth quarter and full year of fiscal year 2019 before the US stock market today (January 23).
According to the data, Comcast's Q4 revenue was US$28.398 billion, exceeding market expectations of US$28.176 billion, up 2% year on year; of these, cable communication business revenue was US$14.77 billion, up 2.6% year on year; 372,000 new cable communication users were added in the fourth quarter, bringing the total to 31.5 million; NBC's global business revenue was US$9.153 billion, down 2.6% year on year.
The company's full-year revenue for FY2019 was US$108.942 billion, which was better than the market forecast of US$108.762 billion, an increase of 15% over the previous year.
The company's net profit for the fourth quarter was US$3.162 billion, up 26% year on year and better than expectations of US$3.132 billion; GAAP earnings per share were $0.68, up 23.6% year on year; adjusted earnings per share were $0.79, exceeding expectations of $0.77; full-year net profit was US$13.057 billion, up 11% year on year and better than expectations of US$13.042 billion. Annual GAAP earnings per share were $2.83, in line with expectations.
Additionally, the company's board of directors declared a quarterly dividend of $0.23 per share of the company's common stock.
Comcast CEO Brian L. Roberts said, “Looking ahead, we will have exciting opportunities in 2020, including: further differentiating our broadband products in the US through innovations such as Flex and XFi advanced security; speeding up the deployment of Sky Q; launching a new broadband service in Italy; the launch of a new broadband service in Italy; the debut of Super Nintendo World at Universal Studios Japan; and the introduction of a world-class streaming service — “Peacock.” To underscore our confidence in the company's continued success, we are announcing a 10% dividend increase, which is our 12th consecutive annual increase.”
After the financial report was announced, Comcast's pre-market stock price continued to rise. As of 20:33, it had risen 2.34% to 48.55 US dollars.