Comcast Made $68 Billion in 2014
It was another great year for Comcast.
The Philadelphia-based company earned $68.8 billion during 2014, officials said in a quarterly earnings report this morning. That’s a 6.4 percent increase over 2013’s take of $64.6 billion; excluding the Olympics, which brought the company $1.1 billion through its NBCUniversal division, revenue was still up 4.7 percent.
The result of all that success? The company is increasing its stock dividend by $1 per share — the seventh consecutive year of a dividend increase — and announcing it will buy back $4.25 billion in stock during 2015.
“2014 was a great year financially, operationally, and strategically for Comcast NBCUniversal,” Comcast CEO Brian Roberts said in a press release. “We enter 2015 with great momentum and significant opportunities ahead, and we look forward to receiving regulatory approval for the Time Warner Cable merger.”
Other highlights from the reports:
• Comcast continued to lose cable customers — down 194,000 for the year — but came out ahead in the other two legs of its “triple-play” offerings: Broadband Internet customers increased by 1.2 million households, and the company also added 470,000 voice customers.
• “Revenue for NBCUniversal increased 2.3% to $6.6 billion in the fourth quarter of 2014 compared to $6.5 billion in the fourth quarter of 2013, as revenue growth in Theme Parks and Broadcast Television was partially offset by lower Filmed Entertainment revenue driven by a year-over-year decline in home entertainment revenue.”
• “For the fourth quarter of 2014, revenue from the Theme Parks segment increased 29.9% to $735 million compared to $566 million in the fourth quarter of 2013, reflecting higher guest attendance and per capita spending, driven by the continued success of Orlando’s The Wizarding World of Harry Potter: Diagon Alley, as well as Halloween Horror Nights at the Orlando and Hollywood parks.”
The full report can be found below: