Comcast sees internet gain rise 26%

Media giant Comcast mentioned Wednesday internet gain rose 26% to $1.29 billion from $1 billion last quarter on gains in cable dips within the studio and broadcast network.Revenue of $15 billion elevated 55% from $9.7 billion. The board introduced a completely new $6.5 billion stock repurchase program, including $3 billion in buybacks slated with this particular year. Shares of Comcast elevated greater in pre-market purchasing and selling.NBCUniversal -- including Universal Pictures and theme parks, national cable nets, the NBC network and stations and Telemundo -- saw revenue nose greater by .8% to $5.7 billion. But revenue within the nation's greatest cable operation rose 7% to $9.4 billion, plus a 10% increase in high-speed internet revenue together with a 37% increase in business services revenue. The cable biz only lost 17,000 TV clients for your quarter, one of the least expensive defection rates inside a very long time.Marketing revenue decreased 9.3%, reflecting lower political advertising inside the fourth quarter of 2011. Monthly average total revenue per video customer elevated 7.1% to $141.24, reflecting an growing quantity of residential clients taking multiple products.Combined video, high-speed internet and voice clients elevated by 465,000, a 12.3% increase in comparison to fourth quarter 2010 internet additions.Broadcast television revenue fell 3.7% to $1.8 billion reflecting weakness within the NBC network reducing political advertising at local NBC stations as well as the impact of four less days inside the advertising calendar. Shot entertainment revenue fell 1.8% to $1.3 billion on lower home entertainment system sales. Operating earnings walked 49% to $89 million on lower revenue and greater marketing costs for 2012 releases. Cable systems revenue rose 5.3% to $2.2 billion around the 10.4% begin distribution revenue. Ad revenue rose 2%. Company reported lower programming and production costs due to less NBC games.Theme park revenue rose 4% to $498 million.Comcast mentioned it bought back $491 million of shares for your quarter and $2.1 billion for your year. Including returns, this can be a $3.3 billion total return to traders this season.''Last year was an important year for the organization. Cable ongoing to operate a vehicle innovation, increase awesome product introductions and transform the customer experience, which we effectively integrated NBCUniversal. Our results at NBCUniversal underscore the strong performance in the cable systems and theme parks, which we keep progress enhancing the franchise values of the companies,'' mentioned Boss John Roberts. Contact the number newsroom at news@variety.com