Watch CNBC's full interview with Comcast CEO Brian Roberts on Q4 earnings
Автор: CNBC Television
Загружено: 2020-01-23
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Comcast CEO Brian Roberts joins "Squawk Box" to discuss the company's quarterly results. Comcast is the parent company of CNBC.
Comcast on Thursday reported fourth-quarter earnings that exceeded estimates for the top and bottom lines.
The company also said it added 442,000 new high-speed internet customers, surpassing expectations for 378,000 net adds. Comcast said that big beat was its best for a fourth quarter in five years.
Comcast CEO Brian Roberts announced the company is increasing its dividend by 10% to 92 cents per share on an annualized basis for 2020.
Shares of Comcast closed down 3.7% in afternoon trading.
Here are the results compared with analyst expectations:
Earnings per share: 79 cents vs. 76 cents per share expected, according to Refinitiv estimates
Revenue: $28.398 billion vs. $28.169 billion expected, according to Refinitiv
High-speed internet customers: 442,000 net adds vs. 378,000 net adds expected, according to FactSet estimates
The company has pursued new media assets as other areas of its business, such as video customers, have continued to drop off. After the earnings report, Roberts told CNBC’s “Squawk Box” that Comcast has made a “pivot to a broadband-centric cable company.”
“I think there is a bifurcation in the market. Some people want a real premium video experience and those customers are very stable and we’re very satisfied with that business,” Roberts said. “At the same time, we needed to pivot the whole company to the streaming world and I think what’s exciting is how well our cable company has done that.”
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