Comcast (CMCSA) reported Q4 earnings today and the results were fine. The stock is trading higher today, albeit within a wide range.
Comcast Q4 Earnings Highlights:
While video continues to decline, broadband internet continues to perform well.
One of our themes in the Avory Letter “2018 & Beyond” is continuous connectivity. Broadband is central to this theme and should bode well for Comcast. See core operating metrics below.
Comcast Management also increased their dividend by 21% and is expecting $5B in share buybacks for 2018. This investor commitment should buy them time to solve their video subscriber metrics.
One additional highlight is the speed of growth in their security and automation division. All in all, this was a solid quarter for Comcast.
Thanks for reading.
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